{"id":30264,"date":"2013-10-23T02:50:13","date_gmt":"2013-10-23T02:50:13","guid":{"rendered":"http:\/\/world.350.org\/ja\/2013\/10\/23\/what-does-carbon-bubble-mean-canada-and-tar-sands\/"},"modified":"2013-10-23T02:50:13","modified_gmt":"2013-10-23T02:50:13","slug":"what-does-carbon-bubble-mean-canada-and-tar-sands","status":"publish","type":"post","link":"https:\/\/world.350.org\/ja\/what-does-carbon-bubble-mean-canada-and-tar-sands\/","title":{"rendered":"What does the Carbon Bubble mean for Canada and the tar sands?"},"content":{"rendered":"<p><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">It\u2019s hard to know when a once radical idea goes mainstream, but we\u2019re probably at that point with the carbon bubble. If you\u2019re unfamiliar with the term here\u2019s a quick definition. Basically, the carbon bubble is the idea that fossil fuel companies are<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">overvalued because if and when the world ever gets serious about dealing with the climate crisis, the fossil fuel companies won\u2019t be able to burn their carbon reserves, from which they derive their value.<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><\/p>\n<p><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">Bill McKibben wrote about this idea last year in <a href=\"http:\/\/www.rollingstone.com\/politics\/news\/global-warmings-terrifying-new-math-20120719\">Rolling Stone<\/a>, in an article that went strangely viral. In fact, the article got more hits than the Justin Bieber profile that appeared in the same edition of the magazine. Clearly this idea is hitting a<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">nerve.<\/span><\/p>\n<p><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">It\u2019s not just environmentalists that are pushing this idea. The World Bank, London School of Economics and the International Energy Agency&#8211;all not exactly hippie outfits&#8211; have put out warnings about a carbon budget, the upper limit of how<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">much carbon we can burn and have a reasonable chance of not raising global temperatures more than 2 degrees C, a target that every country, including Canada, has agreed is the red line that we shouldn\u2019t cross.<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><\/p>\n<p><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">The carbon budget creates the carbon bubble. The idea of carbon budget received a boost a few weeks back when the Intergovernmental Panel on Climate Change (IPCC) sounded the alarm for immediate action on climate change and the<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">necessity for keeping much of known fossil fuel reserves in the ground. The IPCC is made up of 2,000 of the top climate scientists in the world. If they say there is a budget, we ought to listen.<\/span><\/p>\n<p><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">The budget is about 565 gigatons of CO2 (A gigaton is a billion tons). That sounds like a lot, and it is. The problem is we are blowing through about 31GtCO2 a year, meaning we will spend our budget in about 15-25 years.<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><\/p>\n<p><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">Here\u2019s where Canada and the tar sands come in. Calculations performed by<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">350.org<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">, using industry filings and commonly accepted carbon accounting, show that the tar sands industry\u2019s 170 billion barrels of economically viable proven reserves<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">are estimated to take up about 17 percent of the world\u2019s remaining carbon budget, or about 1\/6 of what we have left to burn.<\/span><\/p>\n<p><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">When you stop to think about it, that\u2019s a big, big problem for Canada, the financial markets, and the world\u2019s climate system. For Canada, it means that an over-reliance on the tar sands as an economic drive is a huge risk if the world ever<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">regulates greenhouse gas emissions. It doesn\u2019t make a ton of sense to build your economy around a product that can\u2019t be sold or used.<\/span><\/p>\n<p><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">For the markets, it means that companies that are heavily invested in the tar sands could be hugely over-valued, and therefor an existential threat to the economy. Suncor, TransCanada, and Shell are all betting big, along with Harper, that the<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">world will never deal with the climate crisis. That\u2019a a bad bet if you care about the stability of the markets.<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><\/p>\n<p><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">And for the world, there must be a reckoning between physics and business as usual. Physics, who is undefeated to date, is telling us that we can only burn so much carbon and stay below our safe limit. Business as usual, championed by global<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">conglomerates like Exxon and Chevron, are banking on us not getting serious about saving the planet.<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><\/p>\n<p><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">Who will win just might determine the fate of the climate&#8211;and our economy.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">It\u2019s hard to know when a once radical idea goes mainstream, but we\u2019re probably at that point with the carbon bubble. If you\u2019re unfamiliar with the term here\u2019s a quick definition. Basically, the carbon bubble is the idea that fossil fuel companies are<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">overvalued because if and when the world ever gets serious about dealing with the climate crisis, the fossil fuel companies won\u2019t be able to burn their carbon reserves, from which they derive their value.<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><\/p>\n<p><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">Bill McKibben wrote about this idea last year in <a href=\"http:\/\/www.rollingstone.com\/politics\/news\/global-warmings-terrifying-new-math-20120719\">Rolling Stone<\/a>, in an article that went strangely viral. In fact, the article got more hits than the Justin Bieber profile that appeared in the same edition of the magazine. Clearly this idea is hitting a<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">nerve.<\/span><\/p>\n<p><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">It\u2019s not just environmentalists that are pushing this idea. The World Bank, London School of Economics and the International Energy Agency&#8211;all not exactly hippie outfits&#8211; have put out warnings about a carbon budget, the upper limit of how<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">much carbon we can burn and have a reasonable chance of not raising global temperatures more than 2 degrees C, a target that every country, including Canada, has agreed is the red line that we shouldn\u2019t cross.<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><\/p>\n<p><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">The carbon budget creates the carbon bubble. The idea of carbon budget received a boost a few weeks back when the Intergovernmental Panel on Climate Change (IPCC) sounded the alarm for immediate action on climate change and the<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">necessity for keeping much of known fossil fuel reserves in the ground. The IPCC is made up of 2,000 of the top climate scientists in the world. If they say there is a budget, we ought to listen.<\/span><\/p>\n<p><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">The budget is about 565 gigatons of CO2 (A gigaton is a billion tons). That sounds like a lot, and it is. The problem is we are blowing through about 31GtCO2 a year, meaning we will spend our budget in about 15-25 years.<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><\/p>\n<p><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">Here\u2019s where Canada and the tar sands come in. Calculations performed by<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">350.org<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">, using industry filings and commonly accepted carbon accounting, show that the tar sands industry\u2019s 170 billion barrels of economically viable proven reserves<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">are estimated to take up about 17 percent of the world\u2019s remaining carbon budget, or about 1\/6 of what we have left to burn.<\/span><\/p>\n<p><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">When you stop to think about it, that\u2019s a big, big problem for Canada, the financial markets, and the world\u2019s climate system. For Canada, it means that an over-reliance on the tar sands as an economic drive is a huge risk if the world ever<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">regulates greenhouse gas emissions. It doesn\u2019t make a ton of sense to build your economy around a product that can\u2019t be sold or used.<\/span><\/p>\n<p><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">For the markets, it means that companies that are heavily invested in the tar sands could be hugely over-valued, and therefor an existential threat to the economy. Suncor, TransCanada, and Shell are all betting big, along with Harper, that the<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">world will never deal with the climate crisis. That\u2019a a bad bet if you care about the stability of the markets.<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><\/p>\n<p><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">And for the world, there must be a reckoning between physics and business as usual. Physics, who is undefeated to date, is telling us that we can only burn so much carbon and stay below our safe limit. Business as usual, championed by global<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">conglomerates like Exxon and Chevron, are banking on us not getting serious about saving the planet.<\/span><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">&nbsp;<\/span><\/p>\n<p><span style=\"font-family: Helvetica;font-size: medium;line-height: normal\">Who will win just might determine the fate of the climate&#8211;and our economy.<\/span><\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-30264","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What does the Carbon Bubble mean for Canada and the tar sands? | \u56fd\u969b\u74b0\u5883NGO 350 Japan<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/world.350.org\/ja\/what-does-carbon-bubble-mean-canada-and-tar-sands\/\" \/>\n<meta property=\"og:locale\" content=\"ja_JP\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What does the Carbon Bubble mean for Canada and the tar sands? | \u56fd\u969b\u74b0\u5883NGO 350 Japan\" \/>\n<meta property=\"og:description\" content=\"It\u2019s hard to know when a once radical idea goes mainstream, but we\u2019re probably at that point with the carbon bubble. If you\u2019re unfamiliar with the term here\u2019s a quick definition. Basically, the carbon bubble is the idea that fossil fuel companies are&nbsp;overvalued because if and when the world ever gets serious about dealing with the climate crisis, the fossil fuel companies won\u2019t be able to burn their carbon reserves, from which they derive their value.&nbsp; Bill McKibben wrote about this idea last year in Rolling Stone, in an article that went strangely viral. In fact, the article got more hits than the Justin Bieber profile that appeared in the same edition of the magazine. Clearly this idea is hitting a&nbsp;nerve. It\u2019s not just environmentalists that are pushing this idea. The World Bank, London School of Economics and the International Energy Agency--all not exactly hippie outfits-- have put out warnings about a carbon budget, the upper limit of how&nbsp;much carbon we can burn and have a reasonable chance of not raising global temperatures more than 2 degrees C, a target that every country, including Canada, has agreed is the red line that we shouldn\u2019t cross.&nbsp; The carbon budget creates the carbon bubble. The idea of carbon budget received a boost a few weeks back when the Intergovernmental Panel on Climate Change (IPCC) sounded the alarm for immediate action on climate change and the&nbsp;necessity for keeping much of known fossil fuel reserves in the ground. The IPCC is made up of 2,000 of the top climate scientists in the world. If they say there is a budget, we ought to listen. The budget is about 565 gigatons of CO2 (A gigaton is a billion tons). That sounds like a lot, and it is. The problem is we are blowing through about 31GtCO2 a year, meaning we will spend our budget in about 15-25 years.&nbsp; Here\u2019s where Canada and the tar sands come in. Calculations performed by&nbsp;350.org, using industry filings and commonly accepted carbon accounting, show that the tar sands industry\u2019s 170 billion barrels of economically viable proven reserves&nbsp;are estimated to take up about 17 percent of the world\u2019s remaining carbon budget, or about 1\/6 of what we have left to burn. When you stop to think about it, that\u2019s a big, big problem for Canada, the financial markets, and the world\u2019s climate system. For Canada, it means that an over-reliance on the tar sands as an economic drive is a huge risk if the world ever&nbsp;regulates greenhouse gas emissions. It doesn\u2019t make a ton of sense to build your economy around a product that can\u2019t be sold or used. For the markets, it means that companies that are heavily invested in the tar sands could be hugely over-valued, and therefor an existential threat to the economy. Suncor, TransCanada, and Shell are all betting big, along with Harper, that the&nbsp;world will never deal with the climate crisis. That\u2019a a bad bet if you care about the stability of the markets.&nbsp; And for the world, there must be a reckoning between physics and business as usual. Physics, who is undefeated to date, is telling us that we can only burn so much carbon and stay below our safe limit. Business as usual, championed by global&nbsp;conglomerates like Exxon and Chevron, are banking on us not getting serious about saving the planet.&nbsp; Who will win just might determine the fate of the climate--and our economy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/world.350.org\/ja\/what-does-carbon-bubble-mean-canada-and-tar-sands\/\" \/>\n<meta property=\"og:site_name\" content=\"\u56fd\u969b\u74b0\u5883NGO 350 Japan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/350japan\" \/>\n<meta property=\"article:published_time\" content=\"2013-10-23T02:50:13+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@350_Japan\" \/>\n<meta name=\"twitter:site\" content=\"@350_Japan\" \/>\n<meta name=\"twitter:label1\" content=\"\u63a8\u5b9a\u8aad\u307f\u53d6\u308a\u6642\u9593\" \/>\n\t<meta name=\"twitter:data1\" content=\"3\u5206\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/world.350.org\\\/ja\\\/what-does-carbon-bubble-mean-canada-and-tar-sands\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/world.350.org\\\/ja\\\/what-does-carbon-bubble-mean-canada-and-tar-sands\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"What does the Carbon Bubble mean for Canada and the tar sands?\",\"datePublished\":\"2013-10-23T02:50:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/world.350.org\\\/ja\\\/what-does-carbon-bubble-mean-canada-and-tar-sands\\\/\"},\"wordCount\":614,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/world.350.org\\\/ja\\\/#organization\"},\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"ja\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/world.350.org\\\/ja\\\/what-does-carbon-bubble-mean-canada-and-tar-sands\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/world.350.org\\\/ja\\\/what-does-carbon-bubble-mean-canada-and-tar-sands\\\/\",\"url\":\"https:\\\/\\\/world.350.org\\\/ja\\\/what-does-carbon-bubble-mean-canada-and-tar-sands\\\/\",\"name\":\"What does the Carbon Bubble mean for Canada and the tar sands? | \u56fd\u969b\u74b0\u5883NGO 350 Japan\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/world.350.org\\\/ja\\\/#website\"},\"datePublished\":\"2013-10-23T02:50:13+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/world.350.org\\\/ja\\\/what-does-carbon-bubble-mean-canada-and-tar-sands\\\/#breadcrumb\"},\"inLanguage\":\"ja\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/world.350.org\\\/ja\\\/what-does-carbon-bubble-mean-canada-and-tar-sands\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/world.350.org\\\/ja\\\/what-does-carbon-bubble-mean-canada-and-tar-sands\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/world.350.org\\\/ja\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What does the Carbon Bubble mean for Canada and the tar sands?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/world.350.org\\\/ja\\\/#website\",\"url\":\"https:\\\/\\\/world.350.org\\\/ja\\\/\",\"name\":\"\u56fd\u969b\u74b0\u5883NGO 350 Japan\",\"description\":\"\u6c17\u5019\u5909\u52d5\u306e\u30dc\u30e9\u30f3\u30c6\u30a3\u30a2\u6d3b\u52d5\u3068\u3044\u3048\u3070350.org\u3002\u4e16\u754c\u4e2d\u3067\u30dc\u30e9\u30f3\u30c6\u30a3\u30a2\u306e\u65b9\u3005\u304c\u300c\u6c17\u5019\u5371\u6a5f\u306e\u89e3\u6c7a\u300d\u3092\u6c42\u3081\u30e0\u30fc\u30d6\u30e1\u30f3\u30c8\u3092\u69cb\u7bc9\u3057\u3066\u3044\u307e\u3059\u3002\",\"publisher\":{\"@id\":\"https:\\\/\\\/world.350.org\\\/ja\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/world.350.org\\\/ja\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ja\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/world.350.org\\\/ja\\\/#organization\",\"name\":\"\u56fd\u969b\u74b0\u5883NGO 350 Japan\",\"url\":\"https:\\\/\\\/world.350.org\\\/ja\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ja\",\"@id\":\"https:\\\/\\\/world.350.org\\\/ja\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/world.350.org\\\/ja\\\/files\\\/2022\\\/03\\\/9rBofvu3_400x400.jpg\",\"contentUrl\":\"https:\\\/\\\/world.350.org\\\/ja\\\/files\\\/2022\\\/03\\\/9rBofvu3_400x400.jpg\",\"width\":400,\"height\":400,\"caption\":\"\u56fd\u969b\u74b0\u5883NGO 350 Japan\"},\"image\":{\"@id\":\"https:\\\/\\\/world.350.org\\\/ja\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/350japan\",\"https:\\\/\\\/x.com\\\/350_Japan\",\"https:\\\/\\\/www.instagram.com\\\/350_japan\\\/\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCrnuglf-keIM0krcghSrf-g\",\"https:\\\/\\\/ja.wikipedia.org\\\/wiki\\\/350.org\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What does the Carbon Bubble mean for Canada and the tar sands? | \u56fd\u969b\u74b0\u5883NGO 350 Japan","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/world.350.org\/ja\/what-does-carbon-bubble-mean-canada-and-tar-sands\/","og_locale":"ja_JP","og_type":"article","og_title":"What does the Carbon Bubble mean for Canada and the tar sands? | \u56fd\u969b\u74b0\u5883NGO 350 Japan","og_description":"It\u2019s hard to know when a once radical idea goes mainstream, but we\u2019re probably at that point with the carbon bubble. If you\u2019re unfamiliar with the term here\u2019s a quick definition. Basically, the carbon bubble is the idea that fossil fuel companies are&nbsp;overvalued because if and when the world ever gets serious about dealing with the climate crisis, the fossil fuel companies won\u2019t be able to burn their carbon reserves, from which they derive their value.&nbsp; Bill McKibben wrote about this idea last year in Rolling Stone, in an article that went strangely viral. In fact, the article got more hits than the Justin Bieber profile that appeared in the same edition of the magazine. Clearly this idea is hitting a&nbsp;nerve. It\u2019s not just environmentalists that are pushing this idea. The World Bank, London School of Economics and the International Energy Agency--all not exactly hippie outfits-- have put out warnings about a carbon budget, the upper limit of how&nbsp;much carbon we can burn and have a reasonable chance of not raising global temperatures more than 2 degrees C, a target that every country, including Canada, has agreed is the red line that we shouldn\u2019t cross.&nbsp; The carbon budget creates the carbon bubble. The idea of carbon budget received a boost a few weeks back when the Intergovernmental Panel on Climate Change (IPCC) sounded the alarm for immediate action on climate change and the&nbsp;necessity for keeping much of known fossil fuel reserves in the ground. The IPCC is made up of 2,000 of the top climate scientists in the world. If they say there is a budget, we ought to listen. The budget is about 565 gigatons of CO2 (A gigaton is a billion tons). That sounds like a lot, and it is. The problem is we are blowing through about 31GtCO2 a year, meaning we will spend our budget in about 15-25 years.&nbsp; Here\u2019s where Canada and the tar sands come in. Calculations performed by&nbsp;350.org, using industry filings and commonly accepted carbon accounting, show that the tar sands industry\u2019s 170 billion barrels of economically viable proven reserves&nbsp;are estimated to take up about 17 percent of the world\u2019s remaining carbon budget, or about 1\/6 of what we have left to burn. When you stop to think about it, that\u2019s a big, big problem for Canada, the financial markets, and the world\u2019s climate system. For Canada, it means that an over-reliance on the tar sands as an economic drive is a huge risk if the world ever&nbsp;regulates greenhouse gas emissions. It doesn\u2019t make a ton of sense to build your economy around a product that can\u2019t be sold or used. For the markets, it means that companies that are heavily invested in the tar sands could be hugely over-valued, and therefor an existential threat to the economy. Suncor, TransCanada, and Shell are all betting big, along with Harper, that the&nbsp;world will never deal with the climate crisis. That\u2019a a bad bet if you care about the stability of the markets.&nbsp; And for the world, there must be a reckoning between physics and business as usual. Physics, who is undefeated to date, is telling us that we can only burn so much carbon and stay below our safe limit. Business as usual, championed by global&nbsp;conglomerates like Exxon and Chevron, are banking on us not getting serious about saving the planet.&nbsp; Who will win just might determine the fate of the climate--and our economy.","og_url":"https:\/\/world.350.org\/ja\/what-does-carbon-bubble-mean-canada-and-tar-sands\/","og_site_name":"\u56fd\u969b\u74b0\u5883NGO 350 Japan","article_publisher":"https:\/\/www.facebook.com\/350japan","article_published_time":"2013-10-23T02:50:13+00:00","twitter_card":"summary_large_image","twitter_creator":"@350_Japan","twitter_site":"@350_Japan","twitter_misc":{"\u63a8\u5b9a\u8aad\u307f\u53d6\u308a\u6642\u9593":"3\u5206"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/world.350.org\/ja\/what-does-carbon-bubble-mean-canada-and-tar-sands\/#article","isPartOf":{"@id":"https:\/\/world.350.org\/ja\/what-does-carbon-bubble-mean-canada-and-tar-sands\/"},"author":{"name":"","@id":""},"headline":"What does the Carbon Bubble mean for Canada and the tar sands?","datePublished":"2013-10-23T02:50:13+00:00","mainEntityOfPage":{"@id":"https:\/\/world.350.org\/ja\/what-does-carbon-bubble-mean-canada-and-tar-sands\/"},"wordCount":614,"commentCount":0,"publisher":{"@id":"https:\/\/world.350.org\/ja\/#organization"},"articleSection":["Uncategorized"],"inLanguage":"ja","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/world.350.org\/ja\/what-does-carbon-bubble-mean-canada-and-tar-sands\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/world.350.org\/ja\/what-does-carbon-bubble-mean-canada-and-tar-sands\/","url":"https:\/\/world.350.org\/ja\/what-does-carbon-bubble-mean-canada-and-tar-sands\/","name":"What does the Carbon Bubble mean for Canada and the tar sands? | \u56fd\u969b\u74b0\u5883NGO 350 Japan","isPartOf":{"@id":"https:\/\/world.350.org\/ja\/#website"},"datePublished":"2013-10-23T02:50:13+00:00","breadcrumb":{"@id":"https:\/\/world.350.org\/ja\/what-does-carbon-bubble-mean-canada-and-tar-sands\/#breadcrumb"},"inLanguage":"ja","potentialAction":[{"@type":"ReadAction","target":["https:\/\/world.350.org\/ja\/what-does-carbon-bubble-mean-canada-and-tar-sands\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/world.350.org\/ja\/what-does-carbon-bubble-mean-canada-and-tar-sands\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/world.350.org\/ja\/"},{"@type":"ListItem","position":2,"name":"What does the Carbon Bubble mean for Canada and the tar sands?"}]},{"@type":"WebSite","@id":"https:\/\/world.350.org\/ja\/#website","url":"https:\/\/world.350.org\/ja\/","name":"\u56fd\u969b\u74b0\u5883NGO 350 Japan","description":"\u6c17\u5019\u5909\u52d5\u306e\u30dc\u30e9\u30f3\u30c6\u30a3\u30a2\u6d3b\u52d5\u3068\u3044\u3048\u3070350.org\u3002\u4e16\u754c\u4e2d\u3067\u30dc\u30e9\u30f3\u30c6\u30a3\u30a2\u306e\u65b9\u3005\u304c\u300c\u6c17\u5019\u5371\u6a5f\u306e\u89e3\u6c7a\u300d\u3092\u6c42\u3081\u30e0\u30fc\u30d6\u30e1\u30f3\u30c8\u3092\u69cb\u7bc9\u3057\u3066\u3044\u307e\u3059\u3002","publisher":{"@id":"https:\/\/world.350.org\/ja\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/world.350.org\/ja\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ja"},{"@type":"Organization","@id":"https:\/\/world.350.org\/ja\/#organization","name":"\u56fd\u969b\u74b0\u5883NGO 350 Japan","url":"https:\/\/world.350.org\/ja\/","logo":{"@type":"ImageObject","inLanguage":"ja","@id":"https:\/\/world.350.org\/ja\/#\/schema\/logo\/image\/","url":"https:\/\/world.350.org\/ja\/files\/2022\/03\/9rBofvu3_400x400.jpg","contentUrl":"https:\/\/world.350.org\/ja\/files\/2022\/03\/9rBofvu3_400x400.jpg","width":400,"height":400,"caption":"\u56fd\u969b\u74b0\u5883NGO 350 Japan"},"image":{"@id":"https:\/\/world.350.org\/ja\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/350japan","https:\/\/x.com\/350_Japan","https:\/\/www.instagram.com\/350_japan\/","https:\/\/www.youtube.com\/channel\/UCrnuglf-keIM0krcghSrf-g","https:\/\/ja.wikipedia.org\/wiki\/350.org"]}]}},"_links":{"self":[{"href":"https:\/\/world.350.org\/ja\/wp-json\/wp\/v2\/posts\/30264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/world.350.org\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/world.350.org\/ja\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/world.350.org\/ja\/wp-json\/wp\/v2\/comments?post=30264"}],"version-history":[{"count":0,"href":"https:\/\/world.350.org\/ja\/wp-json\/wp\/v2\/posts\/30264\/revisions"}],"wp:attachment":[{"href":"https:\/\/world.350.org\/ja\/wp-json\/wp\/v2\/media?parent=30264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/world.350.org\/ja\/wp-json\/wp\/v2\/categories?post=30264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/world.350.org\/ja\/wp-json\/wp\/v2\/tags?post=30264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}