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  <item rdf:about="http://www.ceres.org/press/press-clips/alberta2019s-oil-sands-raise-flaring-emissions-as-rules-lag">
    <title>Alberta’s Oil Sands Raise Flaring Emissions as Rules Lag</title>
    <link>http://www.ceres.org/press/press-clips/alberta2019s-oil-sands-raise-flaring-emissions-as-rules-lag</link>
    <description>In the farming country of northwest Alberta, heavy oil wells are becoming more common than cattle and combines. Along with money and jobs, the boom has brought smells and fumes that are adding to the greenhouse gas emissions from Canada’s oil sands.</description>
    <content:encoded xmlns:content="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p>In the farming country of northwest Alberta, heavy <a href="http://topics.bloomberg.com/oil-wells/">oil wells</a> are becoming more common than cattle and combines. Along with money and jobs, the boom has brought smells and fumes that are adding to the greenhouse gas emissions from <a href="http://topics.bloomberg.com/canada/">Canada</a>’s oil sands.</p>
<p>Emissions from flaring, or burning of natural gas, methane and hydrogen sulphide associated with oil production, have risen in each of the last three years as drillers increased activity and the government failed to implement new industry targets.</p>
<p>“There’s no new absolute target to reduce flare or vent emissions,” said James Vaughan, who works at the Alberta Energy Conservation Board’s surveillance branch, in an interview. “The economics for conserving gas just doesn’t seem to be there” because of a decline in natural gas prices.</p>
<p>Flaring by companies including <a class="web_ticker" href="http://www.bloomberg.com/quote/HSE:CN" title="Get Quote">Husky Energy Inc. (HSE)</a> is rising even as the Canadian government touts the country’s efforts to limit emissions to win support for <a class="web_ticker" href="http://www.bloomberg.com/quote/TRP:CN" title="Get Quote">TransCanada Corp. (TRP)</a>’s Keystone XL pipeline. Prime Minister <a href="http://topics.bloomberg.com/stephen-harper/">Stephen Harper</a> met his European counterparts last week in Paris and <a href="http://topics.bloomberg.com/london/">London</a>, appealing for them to stop EU plans to single out Alberta as a source of high-polluting energy.</p>
<p>Environmental groups such as 350.org and the <a href="http://topics.bloomberg.com/sierra-club/">Sierra Club</a> have lobbied President <a href="http://topics.bloomberg.com/barack-obama/">Barack Obama</a> to reject the Keystone XL pipeline, which would carry crude from Alberta to U.S. Gulf Coast refineries, saying that oil-sands production has a larger climate-change impact. Globally, about 5.3 trillion cubic feet of gas is flared annually, the equivalent of 25 percent of U.S. consumption of the fuel, according to the <a href="http://siteresources.worldbank.org/INTGGFR/Resources/GGFR_NewBrochure%28Oct2011%29.pdf" rel="external" title="Open Web Site">World Bank</a>.</p>
<h3>Surging Production</h3>
<p>With bitumen production expected to surge to 6.7 million barrels a day by 2030, flaring and venting will continue to rise without new regulations, said Chris Severson-Baker, managing director of the Pembina Institute, a Calgary-based environmental research group and consultancy.</p>
<p>Flaring and vented gas from crude oil and bitumen production increased 66 percent between 2009 and 2011, the most recent figures available, according to ERCB data. The upward trend continued last year, according to preliminary data from the regulator.</p>
<p><a href="http://www.ercb.ca/sts/st60b-2012.pdf" rel="external" title="Open Web Site">Previous declines</a> from 1996 to 2009 resulted from the implementation of recommendations from an alliance of non-governmental groups, industry, the public and government, known as the Clean Air Strategic Alliance, helping Alberta achieve the most “comprehensive” enforcement rules to manage flaring globally, according to a 2004 <a href="http://topics.bloomberg.com/world-bank/">World Bank</a> report.</p>
<h3>Negative Impacts</h3>
<p>Emissions from flaring in <a href="http://topics.bloomberg.com/nigeria/">Nigeria</a> have “negative impacts” on lung function, according to a <a href="http://www.endocrinedisruption.com/files/H31116Ovuakporaye2012.pdf" rel="external" title="Open Web Site">report</a> in the Research Journal of Environmental Earth Sciences published on March 8, 2012. Inhaling vapors associated with heavy-oil production may result in nose and throat irritation, headaches and nausea, <a class="web_ticker" href="http://www.bloomberg.com/quote/BTE:CN" title="Get Quote">Baytex Energy Corp. (BTE)</a>, a Calgary-based producer, said on its website.</p>
<p>A 2005 report by the Environmental Rights Action and Climate Justice determined gas flaring in Nigeria’s Bayelsa State likely causes 49 premature deaths and respiratory illnesses in 5,000 children annually.</p>
<p>Alberta, home to Canada’s oil and gas industry, relies on companies to determine whether capturing, burning or releasing gas, known as venting, is “economically viable,” said the ERCB’s Vaughn. A combination of measures, including a previous emissions target for the industry, allowed Alberta regulators to slash flaring emissions by 80 percent between 1996 and 2009.</p>
<h3>Progress Imperiled</h3>
<p>That progress is at risk without stiffer regulations and targets, said Severson-Baker.</p>
<p>“We knew because of industry trends that flaring and venting was likely to start climbing upwards,” he said in an interview. “When it came right down to it, industry wasn’t able to spend more money on flaring and venting abatement and the government wasn’t prepared to push any further.”</p>
<p><a class="web_ticker" href="http://www.bloomberg.com/quote/CNQ:CN" title="Get Quote">Canadian Natural Resources Ltd. (CNQ)</a> was responsible for the largest volume of flared and vented gas in the province in 2011, followed by Husky, according to regulatory data. Smaller companies including <a class="web_ticker" href="http://www.bloomberg.com/quote/MEI:CN" title="Get Quote">Manitok Energy Inc. (MEI)</a> flared more gas as a proportion of their production.</p>
<p>Massimo Geremia, chief executive officer of Manitok, didn’t respond to a request for comment. Husky spokeswoman Kim Guttormson declined to comment. Canadian Natural Resources declined to comment.</p>
<p>Alberta’s energy regulator is tabling new rules, expected by the end of the year. An increase in operators drilling oil wells with small volumes of associated gas, which is difficult and expensive to capture, has also contributed to the rising flaring and carbon dioxide emissions, said Vaughn.</p>
<h3>Open Wounds</h3>
<p>“We are looking at expanding the test to look at other parameters to take into account something outside of economics,” he said. “When the public comes to us and asks why isn’t this facility conserving and we go back to them and say the economics aren’t there, that’s a hard pill for the public to swallow.”</p>
<p>Those issues have surfaced in the Peace River district in an area called Three Creeks. For Thera Breau, the increased heavy oil production and flaring has coincided with open wounds and eye problems for her four sons, all under the age of seven.</p>
<p>“My baby had a red spot behind his knee and by the end of March the blotch spread to the other leg,” Breau, a 36 year-old physiotherapist, said in an interview. “All the gas is free-vented and free-flared. The regulations are lagging.”</p>
<h3>Leaving Home</h3>
<p>Breau is among half a dozen families who have left their homes in the Peace River area to get away from the fumes and bad smells, she said. Neighbors Marcel and Vivianne Laliberte in October left their farm where family members have grown grains since 1928 after suffering from bleeding noses, headaches and swollen glands.</p>
<p>“It’s a heart-breaking situation,” said Vivianne Laliberte, in a phone interview. “Proper monitoring is not being done and people’s concerns are being disregarded.”</p>
<p>Baytex voluntarily halted its drilling program in the area near Three Creeks about a year ago and added equipment to capture gas and a pipeline system to use or sell about 1 million cubic feet of gas daily that would have previously been vented, said Brian Ector, a Baytex spokesman.</p>
<p>“We’ve put a lot of time and effort into reducing the amount of venting and reducing the emissions and reducing the odors up at Peace River,” he said.</p>
<p>Baytex captured almost 95 percent of the gas produced during oil extraction at its operations across <a href="http://topics.bloomberg.com/alberta/">Alberta</a>, better than the industry average, according to ERCB data from 2011.</p>
<p>“We have always been fully compliant with the ERCB regulations, but we want to go above and beyond that,” Ector said.</p>
<h3>North Dakota</h3>
<p>Alberta isn’t the only jurisdiction in North America wrestling with rising flaring and venting emissions.</p>
<p>Oil production in <a href="http://topics.bloomberg.com/north-dakota/">North Dakota</a> has tripled since 2010 to 718,790 barrels a day in March and companies are flaring about 30 percent of the associated gases, said Ryan Salmon, director of the oil &amp; gas program at Ceres, a network of investors that promotes sustainability through the adoption of environmentally friendly business practices.</p>
<p>“You can’t underestimate how much is going up in flames-- $1 million a day alone in North Dakota,” he said. “Reluctance on the part of companies comes down to near-term economics of getting infrastructure in place. You need to have both voluntary actions and regulation.” Ceres represents investors with $11 trillion worth of assets.</p>
<p>Oil producers can reduce flaring by connecting the produced gas to pipelines and selling or using the gas. If that’s not economic or practical, the “next best” option is to make sure the waste gas is combusted at the well site using high-efficiency gas incineration equipment to destroy volatile organic chemicals, said Audrey Mascarenhas, chief executive officer of Calgary-based <a class="web_ticker" href="http://www.bloomberg.com/quote/QST:CN" title="Get Quote">Questor Technology Inc. (QST)</a>, which manufacturers gas-incineration equipment.</p>
<p>“Many will see the waste gas as still being combusted, however, when combusted at high efficiency the waste gases are being reduced to benign elements,” she said. “That is not happening now.”</p>]]></content:encoded>
    <dc:publisher>No publisher</dc:publisher>
    <dc:creator>Megan Doherty</dc:creator>
    <dc:rights></dc:rights>
    <dc:date>2013-06-18T18:59:57Z</dc:date>
    <dc:type>Press Clip</dc:type>
  </item>


  <item rdf:about="http://www.ceres.org/press/press-releases/mars-incorporated-joins-bicep-and-signs-climate-declaration-to-promote-climate-focused-policies">
    <title>Mars, Incorporated Joins BICEP and Signs Climate Declaration to Promote Climate-Focused Policies</title>
    <link>http://www.ceres.org/press/press-releases/mars-incorporated-joins-bicep-and-signs-climate-declaration-to-promote-climate-focused-policies</link>
    <description>BICEP announced that Mars, Incorporated has joined Ceres’ BICEP coalition to advocate for innovative climate and clean energy policies. In addition, Mars has signed BICEP’s Climate Declaration, which calls upon federal policymakers to seize the American economic opportunity of addressing climate change.</description>
    <content:encoded xmlns:content="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><a href="http://www.ceres.org/bicep">BICEP</a> (Business for Innovative Climate &amp; Energy Policy) today announced that Mars, Incorporated has joined Ceres’ BICEP coalition to advocate for innovative climate and clean energy policies. In addition, Mars has signed <a class="external-link" href="http://www.ceres.org/bicep/climate-declaration">BICEP’s Climate Declaration</a>, which calls upon federal policymakers to seize the American economic opportunity of addressing climate change and has been endorsed by General Motors Co., Intel and others.</p>
<p>Based in McLean, Virginia, Mars has net sales of more than $33 billion and is one of the world’s leading manufacturers of petcare products, chocolate, gum, confections, food, coffees and teas, spanning iconic global brands that include M&amp;M’S®, Snickers®, Pedigree®, Whiskas®, Royal Canin®, Orbit®, Extra®, Uncle Ben’s® and many more.</p>
<p>The food industry leader joins BICEP at a critical moment, as United States agriculture faces mounting threats from climate change and extreme weather. Ongoing drought has tripled federal crop insurance losses over the past three years, to <a href="http://www.ceres.org/press/press-releases/ceres-climate-change-a-bigger-cost-for-american-taxpayers">$16 billion in payouts in 2012</a>. By joining BICEP, Mars will advocate not only for policies that shore up domestic agricultural supply chains, but also those that will enable cleaner, more efficient energy use and generate solutions for the threats of climate change.</p>
<p>“Mars is committed to reducing and eventually eliminating our greenhouse gas emissions, in absolute terms, because this is the right thing to do. Climate change has implications for the production of agricultural ingredients from corn to cocoa, and addressing it requires changes to the way we source materials and manufacture our products,” said <b>Brad Figel, vice president of public affairs, Mars North America.</b> “Therefore it is imperative we continue to improve sustainability in our approach to business, as well as the way we create policy, which is why it is important for us to make our voice heard through BICEP in encouraging policymakers to take action now.”</p>
<p><a href="http://www.ceres.org/bicep">BICEP</a>, a project of Ceres, was launched in 2008 with a core group of five companies, including Starbucks, Nike and Levi Strauss. &amp; Co. With the addition of Mars, Inc., BICEP has since expanded to include twenty-four leading companies representing the personal products, sports and real estate sectors such as Seventh Generation, the North Face and KB Home. BICEP members have been vocal proponents of renewable energy, greener transportation and stricter pollution controls on power plants.</p>
<p>“Mars is an American icon of industry that understands the critical importance of its environmental commitments. We are proud to welcome Mars as the newest member of BICEP and encourage the company to share its policy convictions with Washington, where they will make an even greater impact,” said <b>Mindy Lubber, president of Ceres,</b> which directs BICEP. “Mars is a powerful voice in the climate debate and we hope policymakers will take note when business leaders speak out with a sense of urgency on climate change.”</p>
<p>A full list of BICEP members is available at <a href="http://www.ceres.org/bicep">www.ceres.org/bicep</a>.</p>
<p><b>About Ceres</b></p>
<p><b>Ceres </b>is an advocate for sustainability leadership.  Ceres mobilizes a powerful coalition of investors, companies and public interest groups to accelerate and expand the adoption of sustainable business practices and solutions to build a healthy global economy. Ceres also directs the Investor Network on Climate Risk (INCR), a network of 100 institutional investors with collective assets totaling more than $11 trillion. For more information, visit <a href="http://www.ceres.org">http://www.ceres.org</a></p>
<p><b>About BICEP</b></p>
<p><b>BICEP</b> (Business for Innovative Climate &amp; Energy Policy) is an advocacy coalition of businesses committed to working with policy makers to pass meaningful energy and climate legislation enabling a rapid transition to a low-carbon, 21st century economy – an economy that will create new jobs and stimulate economic growth while stabilizing our planet’s fragile climate. BICEP is a project of Ceres. For more information, visit <a href="http://www.ceres.org/bicep">www.ceres.org/bicep</a>.</p>
<p><b>About Mars, Incorporated</b></p>
<p>In 1911, Frank C. Mars made the first Mars candies in his Tacoma, Washington kitchen and established Mars’ first roots as a confectionery company.  In the 1920s, Forrest E. Mars, Sr. joined his father in business and together they launched the MILKY WAY® bar. In 1932, Forrest, Sr. moved to the United Kingdom with a dream of  building a business based on the objective of creating a “mutuality of benefits for all stakeholders” – this objective serves as the foundation of Mars, Incorporated today. Based in McLean, Virginia, Mars has net sales of more than $33 billion, six business segments including Petcare, Chocolate, Wrigley, Food, Drinks, Symbioscience, and more than 72,000 Associates worldwide that are putting its Principles into action to make a difference for people and the planet through its performance. For more information, please visit <a href="http://www.mars.com">www.mars.com</a>.  Follow us: facebook.com/mars, twitter.com/marsglobal, youtube.com/mars.</p>]]></content:encoded>
    <dc:publisher>No publisher</dc:publisher>
    <dc:creator>Megan Doherty</dc:creator>
    <dc:rights></dc:rights>
    <dc:date>2013-06-18T13:27:35Z</dc:date>
    <dc:type>Press Release</dc:type>
  </item>


  <item rdf:about="http://www.ceres.org/press/blog-posts/the-fracker2019s-quest-more-water">
    <title>The Fracker’s Quest: More Water</title>
    <link>http://www.ceres.org/press/blog-posts/the-fracker2019s-quest-more-water</link>
    <description>Hydraulic fracturing (aka fracking) has recast the U.S.’s energy future, but it’s also shining a light on fragile water supplies, which could crimp the industry’s growth.</description>
    <content:encoded xmlns:content="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p>DENVER – Hydraulic fracturing (aka fracking) has recast the U.S.’s energy future, but it’s also shining a light on <a href="http://www.ceres.org/press/press-releases/new-study-hydraulic-fracturing-faces-growing-competition-for-water-supplies-in-water-stressed-regions">fragile water supplies</a>, which could crimp the industry’s growth.</p>
<p>The pinch is especially strong on shale energy producers and state regulators who are <a href="http://news.yahoo.com/fracking-fuels-water-fights-nations-133753148.html">scrambling to find ways</a> to keep the water flowing to this thirsty industry while not  shortchanging farmers, municipalities, and growing populations. Anywhere  from two to 10 million gallons of water (along with sand and chemicals)  are injected into each fracturing well. Multiply that times tens of  thousands of wells and you’re talking lots of water – and wastewater,  too.</p>
<p>Given a fast-changing regulatory landscape and the diverse geologic  conditions of key shale energy basins around the country, it’s a  challenge with no easy solutions.</p>
<p>“We’ve got to plan and plan and plan,” engineering executive Ken  Burris told a crowd of 75 industry players and regulators last week at a  <a href="http://www.infocastinc.com/events/watershale5">Water Management for Shale Plays 2013</a> conference in Denver.</p>
<p>The urgency is palpable. In less than a decade, hydraulic fracturing  has grown from a largely unregulated wildcat industry to an energy  juggernaut that is rejuvenating rural economies in North Dakota, Texas,  and Pennsylvania and putting America back on track to become the <a href="http://www.reuters.com/article/2012/11/12/iea-oil-report-idUSL5E8MC7GA20121112">world’s largest oil producer again</a>.<a href="http://newswatch.nationalgeographic.com/files/2013/06/oil-production-formation.png"><img src="http://newswatch.nationalgeographic.com/files/2013/06/oil-production-formation-600x417.png" alt="Oil production by formation" width="461" class="wp-image-96735 size-medium aligncenter" height="320" /></a></p>
<p>But achieving such meteoric growth doesn’t come without growing pains  – especially those around meeting the red-hot demand for water that  shale producers need to inject into their wells.</p>
<p>Ground zero, in many ways, is Texas.</p>
<p>The U.S.’s second-largest state is in the midst of a historic  drought, has little surface water to speak of and many of its  groundwater aquifers are drying up. The most noteworthy of these sources  under stress is the <a href="http://newswatch.nationalgeographic.com/2012/02/07/texas-water-district-acts-to-slow-depletion-of-the-ogallala-aquifer/">Ogallala Aquifer</a>,  which overlaps with the Permian Basin in west Texas. But that hasn’t  stopped oil and gas shale production from booming, leading to a doubling  in water use the past three years with even bigger jumps expected as  more wells are drilled in the rich Eagle Ford formation in south Texas.</p>
<p>(See “<a href="http://newswatch.nationalgeographic.com/2012/07/19/that-sinking-feeling-about-groundwater-in-texas/">That Sinking Feeling About Groundwater in Texas</a>.”)<a href="http://newswatch.nationalgeographic.com/files/2013/06/wells-barnett-shale.png"><img src="http://newswatch.nationalgeographic.com/files/2013/06/wells-barnett-shale-600x563.png" alt="Horizontal wells in Barnett Shale" width="429" class="wp-image-96736 size-medium aligncenter" height="402" /></a></p>
<p><span>Industry players  concede there isn’t enough freshwater to meet their needs. “There are  areas, like out in west Texas, where water could be a limiting factor,”  for shale production, said Ken Nichols, civil engineer at CH2M Hill, at  the Denver conference.</span></p>
<p>And that means turning to alternatives, such as recycled water or brackish water, which are already seeing more use.</p>
<p>The state’s vast reserves of brackish groundwater seems to be getting the most attention, with <a href="http://stateimpact.npr.org/texas/2013/03/28/drilling-boom-spurs-a-rush-to-harness-brackish-water/">one study</a> saying it’s already providing some 20 percent of water being used in  the Permian and Eagle Ford Shale Basins. “It’s a very promising resource  for the state,” said Larry French, director of the Texas Groundwater  Resources Division.</p>
<p>But it is expensive and energy intensive to make the slightly salty  water usable for each drilling site. More scrutiny is also needed to  understand how escalating withdrawals of brackish waters may compromise  freshwater aquifers. Growing interest by water-starved cities and towns  to desalinate brackish water is another complicating factor.</p>
<p>Colorado faces a similar challenge of more people, escalating shale  production, and growing competitive pressures for surface water,  especially by agriculture, which has <a href="http://www.mywindsornow.com/news/6504052-113/farm-bureau-colorado-bill">strong legal water rights</a> and uses about 85 percent of the state’s water. “Anything (frackers)  produce from these wells has the potential to affect senior water  rights,” said Dick Wolfe, state engineer for the Colorado Division of  Water Resources.</p>
<p>For this reason, shale producers noted during the conference that  they are relying as much as possible on deeper groundwater resources.  These “non-tributary” waters are typically thousands of feet underground  and are largely isolated from rivers, streams and other surface waters.  Wolfe says the vast majority of the state’s 50,000 oil and gas wells –  many of them fracking wells in the Niobrara Basin in northeast Colorado –  are in non-tributary formations.</p>
<p>While Wolfe is confident that shale production will not compromise  the state’s water supplies and water quality, others are leery and are  calling for much more stringent recycling of fracking wastewater.</p>
<p>“Most frack water is so laden with toxics or salts that it is  unsuitable for other uses, and must be disposed of in shallow pits or  far below groundwater reservoirs,” wrote Bart Miller, water program  director at Western Resources Advocates, <a href="http://www.denverpost.com/opinion/ci_23261472/yes-water-too-scarce-use-up">in the <i>Denver Post</i></a>. “We can only hope it will never migrate and contaminate drinking water reservoirs.”</p>
<p>Unlike Texas and Colorado, North Dakota is relying on both aquifers  and surface waters for hydraulic fracturing, much of it coming from the  Missouri River, Lake Sakakawea and <a href="http://legacy.thedickinsonpress.com/pdfs/Gone%20for%20Good.pdf">over-allocated groundwater supplies</a>. With wells popping up like dandelions – North Dakota now produces <a href="http://www.thedickinsonpress.com/event/article/id/68758/">10 percent of the country’s energy</a> – tensions and lawsuits are escalating between frackers, farmers, and other water users.</p>
<p>“When all of us had nothing (before the oil boom), there was nothing to fight about,” said <a href="http://www.npr.org/2011/12/02/142695152/oil-boom-puts-strain-on-north-dakota-towns">Dan Kalil</a>, a county commissioner in western North Dakota’s Williams County, home to many oil and natural gas wells, told <a href="http://www.thedickinsonpress.com/event/article/id/68758/"><i>Reuters</i>.</a> “Now, so many friendships have been destroyed because of water and oil.”</p>
<p> </p>
<p><i>Peyton Fleming is strategic communications director at <a href="http://www.ceres.org/">Ceres</a>, a nonprofit sustainability advocacy group that recently published a report,</i><i><a href="http://www.ceres.org/press/press-releases/new-study-hydraulic-fracturing-faces-growing-competition-for-water-supplies-in-water-stressed-regions"> “Hydraulic Fracturing &amp; Water Stress: Growing Competitive Pressures for Water.”</a></i></p>]]></content:encoded>
    <dc:publisher>No publisher</dc:publisher>
    <dc:creator>Peyton Fleming</dc:creator>
    <dc:rights></dc:rights>
    <dc:date>2013-06-17T15:39:20Z</dc:date>
    <dc:type>Blog Clip</dc:type>
  </item>


  <item rdf:about="http://www.ceres.org/press/blog-posts/1-inshare-ford-prepares-for-a-water-scarce-future">
    <title>Ford prepares for a water-scarce future</title>
    <link>http://www.ceres.org/press/blog-posts/1-inshare-ford-prepares-for-a-water-scarce-future</link>
    <description>Helen Keller said, "The only thing worse than being blind is having sight but no vision." Her words were on my mind during a workshop at Ford Motor Company’s headquarters where Ford brought together some of its executives with outside stakeholders, kicking off a year-long effort to deepen its water strategy.</description>
    <content:encoded xmlns:content="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p>Helen Keller said, "The only thing worse than being blind is having  sight but no vision." Keller may have been blind, but she had an  outsized vision for what a better world could look like. An early  feminist and human rights advocate, she painted a picture through her  writing and speeches of a very different and positive future for women  and the poor in early 20th-century America. It was a radical and  arguably outlandish vision for its time.</p>
<p>Her words were on my mind Friday during a workshop last week at Ford  Motor Company’s headquarters in Dearborn, Mich. Ford brought together  some 20 of its executives with some outside stakeholders, kicking off a  year-long effort to deepen its water strategy.</p>
<p>We considered scenarios that posed "what if" questions about the  future. For instance, what could happen to the safety of our drinking  water supplies in a scenario of global economic collapse and low public  investment? What could happen to food production patterns and global  trade if governments started rationing water allocations for  agriculture? And ultimately, how does a company adapt and thrive in that  kind of future?</p>
<p>The automotive leader has a <a href="http://corporate.ford.com/microsites/sustainability-report-2012-13/water-reducing">strong track record of water use reductions</a> in its manufacturing operations and an aggressive goal to reduce water  use even further – by 30 percent per vehicle by 2015. But many at Ford  and a number of its stakeholders (including the company’s <a href="http://www.ceres.org/company-network/how-we-work-with-companies/stakeholder-engagement">Ceres stakeholder advisory team</a>) see growing water competition and scarcity as a potential economic game-changer – with big implications for the auto industry.</p>
<p>The reasons might not be obvious at first blush.</p>
<p>"We’re a company headquartered near one of the world’s largest bodies  of freshwater – the Great Lakes – so it would be easy for us take the  resource for granted," said John Viera, director of Ford’s  sustainability group.</p>
<p><i> </i></p>
<p>But water is critical to a number of manufacturing steps, including  vehicle painting, where large volumes of water are traditionally used to  rinse cars, ensuring that not a speck of dust ruins that perfect paint  job. Water use also can be high in the automotive supply chain,  particularly in making raw materials such as steel and aluminum. Ford  also has identified that the <a href="http://corporate.ford.com/microsites/sustainability-report-2012-13/water-consumption"> energy sources used to power its vehicles (gasoline, electric power or biofuels) </a> play an incredibly important role in determining the water footprint of  its vehicles, because of the large amounts of water required for fuel  production and power generation.</p>
<p>Why use scenarios? For corporate decision-makers seeking to steer  their organizations through the straits of extreme uncertainty, seeing  around the bend is a much-valued competency. More often then not, they  look forward by looking back – relying on life (and organizational)  experience as well as sensible forecasts and models that use the past to  inform future deployment of time and resources.</p>
<p>But our sensible forecasts and models often put probability-based  guardrails on what is "likely." These guardrails become blinders; after  all, we are lousy at anticipating low probability wild-card events that  can disrupt the global economy (think 9/11 or the Japanese tsunami of  2011).</p>
<p>When it comes to water resources, our reliance on rigid models holds  very special risks. We are entering an age of extreme uncertainty about  our water resources. Climate change in particular has unhinged the water  cycle from predictable averages of precipitation, humidity and  temperature, and upended old assumptions about where, when and in what  condition water will be accessible. (Note that this spring,  unprecedented drought combined with river dredging brought Lake Michigan  and Lake Huron to <a href="http://www.cbsnews.com/8301-18563_162-57577101/great-lakes-drought-has-ripple-effect-on-auto-industry/">record lows</a>, putting barges that deliver steel to the auto industry at risk from running aground.)</p>
<p>And so water availability has entered the realm of the wildcard.</p>
<p>The Ford workshop was a series of creative, interactive discussions  built around four scenarios of global economic growth or collapse, and  resource constraints. We embroidered stories about fresh water in its  many dimensions: social, economic, political, technological and  environmental. Some of our story lines seemed far-fetched, others quite  plausible, such as these two:</p>
<p><i>"Out of concern for the water-requirements of meat-eating, the Chinese government establishes a mandatory ‘one-chicken policy.’"</i></p>
<p><i>"Water refugees create new instability and terrorism concerns in the Middle East."</i></p>
<p>My favorite scenario was called "Full Throttle." (Click on the image  at right for the full picture.) In this scenario, the world effectively  manages water constraints with well-functioning democracies, the full  cost pricing of water and economic growth that reduces income  inequality. It is a world characterized by innovation and universal  access to clean water, as well as transparency and accountability from  the private and public sectors alike. In short, it’s a vision for our  world that Helen Keller would be proud of.</p>]]></content:encoded>
    <dc:publisher>No publisher</dc:publisher>
    <dc:creator>Brooke Barton</dc:creator>
    <dc:rights></dc:rights>
    <dc:date>2013-06-17T15:22:50Z</dc:date>
    <dc:type>Blog Clip</dc:type>
  </item>


  <item rdf:about="http://www.ceres.org/press/press-clips/fracking-can-strain-u.s.-water-supplies">
    <title>Fracking Can Strain U.S. Water Supplies</title>
    <link>http://www.ceres.org/press/press-clips/fracking-can-strain-u.s.-water-supplies</link>
    <description>As the level of hydraulic fracturing of oil and gas wells in the U.S. has intensified in recent years, much of the public concern has centered on fears that underground water supplies could be contaminated. But in some parts of the country, worries are also growing about fracking’s effect on water supply, as the water-intensive process stirs competition for the resources already stretched thin by drought or other factors.</description>
    <content:encoded xmlns:content="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p>As the level of hydraulic fracturing of oil and gas wells in the  United States has intensified in recent years, much of the mounting  public concern has centered on fears that underground water supplies  could be contaminated with the toxic chemicals used in the  well-stimulation technique that cracks rock formations and releases  trapped oil and gas. But in some parts of the country, worries are also  growing about fracking’s effect on water supply, as the water-intensive  process stirs competition for the resources already stretched thin by  drought or other factors.</p>
<p>Every fracking job requires 2 million to 4 million gallons of water, according to the <a href="http://www.gwpc.org/sites/default/files/Shale%20Gas%20Primer%202009.pdf">Groundwater Protection Council</a>. The Environmental Protection Agency, or EPA, <a href="http://yosemite.epa.gov/sab/sabproduct.nsf/0/D3483AB445AE61418525775900603E79/$File/Draft+Plan+to+Study+the+Potential+Impacts+of+Hydraulic+Fracturing+on+Drinking+Water+Resources-February+2011.pdf">has estimated</a> that the 35,000 oil and gas wells used for fracking consume between 70  billion and 140 billion gallons of water each year. That’s about equal,  EPA says, to the water use in 40 to 80 cities with populations of 50,000  people, or one to two cities with a population of 2.5 million each.</p>
<p>Some of the most intensive oil and gas development in the nation is occurring in regions where water is already at a premium. <a href="http://www.ceres.org/press/press-releases/new-study-hydraulic-fracturing-faces-growing-competition-for-water-supplies-in-water-stressed-regions">A paper</a> published last month by Ceres, a nonprofit that works on sustainability  issues, looked at 25,000 shale oil and shale gas wells in operation and  monitored by an industry-tied reporting website called FracFocus. Ceres  found that 47 percent of these wells were in areas “with high or  extremely high water stress” because of large withdrawals for use by  industry, agriculture, and municipalities. In Colorado, for example, 92  percent of the wells were in extremely high water-stress areas, and in  Texas more than half were in high or extremely high water-stress areas.</p>
<p>“Given projected sharp increases in production in the coming years  and the potentially intense nature of local water demands, competition  and conflicts over water should be a growing concern for companies,  policymakers and investors,” the Ceres report concluded. It goes on to  say that:</p>
<blockquote>
<p>Prolonged drought conditions in many parts of Texas and  Colorado last summer created increased competition and conflict between  farmers, communities and energy developers, which is only likely to  continue. … Even in wetter regions of the northeast United States,  dozens of water permits granted to operators had to be withdrawn last  summer due to low levels in environmentally vulnerable headwater  streams.</p>
</blockquote>
<p><a href="http://www.circleofblue.org/waternews/wp-content/uploads/2013/04/Nicot+Scanlon_EST_12_Water-Use-Fracking.pdf">Another recent study</a> by the University of Texas looked at past and projected water use for  fracking in the Barnett, Eagle Ford, and Haynesville shale plays in  Texas, and found that fracking in 2011 was using more than twice as much  water in the state as it was three years earlier. In Dimmit County,  home to the Eagle Ford shale development in South Texas, fracking  accounted for nearly a quarter of overall water consumption in 2011 and  is expected to grow to a third in a few years, according to the study.</p>
<p>Moreover, an April <a href="http://www.worc.org/userfiles/file/Oil%20Gas%20Coalbed%20Methane/Hydraulic%20Fracturing/Gone_for_Good.pdf">report by the Western Organization of Resource Councils</a> found that fracking is using 7 billion gallons of water a year in four  western states: Wyoming, Colorado, Montana, and North Dakota.  “Fracking’s growing demand for water can threaten availability of water  for agriculture and western rural communities,” said Bob Leresche, a  Wyoming resident and board member of the group.</p>
<p>The national oil and gas trade association, American Petroleum Institute, correctly <a href="http://www.api.org/%7E/media/files/policy/hydraulic_fracturing/hydraulic-fracturing-10-points.ashx">notes</a> that the “industry’s water use is small when compared to other  industrial and recreational activities.” But even though hydraulic  fracturing usually accounts for just 1 percent or 2 percent of states’  overall water use, the Ceres study notes that “it can be much higher at  the local level, increasing competition for scarce supplies.”</p>
<h3>New ways to frack</h3>
<p>Not surprisingly, the oil and gas industry, along with companies  drawn by the opportunity to profit from a better way to frack, are all  seeking ways to reduce and even eliminate fracking’s thirst.</p>
<p>A new company in Texas, <a href="http://www.alphawater.com">Alpha Reclaim Technology</a>,  sees using treated wastewater from municipal sewage-treatment plants as  part of the answer. Founded in 2011, the company has signed up cities  to provide about 21 million gallons of treated wastewater a day and is  negotiating with oil and gas exploration and production companies to  make the switch in the Eagle Ford shale play.</p>
<p>With regard to water use and fracking, Jeremy Osborne, the company’s  vice president and general counsel, says, “We are really in a collision  course here in Texas”—a course he says is accelerated by drought and  population growth.</p>
<p>But Jillian Ryan, Alpha Reclaim Technology’s vice president for  government affairs, said changing longstanding practices in the oil and  gas industry can be a challenge. While the industry talks a good game  about conserving water, Ryan says, “We can have a hard time getting oil  and gas companies to live up to what they are talking about. Nobody  wants to change. It’s easier to drill a water well where they are  drilling [for oil and gas].”</p>
<p>Another player in this oil and gas niche is <a href="http://www.gasfrac.com">GASFRAC Energy Services</a>, a Canadian company that <a href="http://stateimpact.npr.org/texas/2013/03/27/waterless-fracking-makes-headway-in-texas-slowly/">says it has successfully fracked about 2,000 wells</a> using liquid propane gas in place of water. Most of these wells are in Canada, but about 100 of them are in Texas.</p>
<p>Environmentalists and fracking critics, however, are alarmed at the  thought of fracking with propane. Prompted by the possibility that  GASFRAC would be employed in New York state and could evade a state  moratorium on fracking by using propane instead of water, environmental  groups, including the Sierra Club and the Natural Resources Defense  Council, <a href="http://docs.nrdc.org/energy/files/ene_12041201a.pdf">protested to the commissioner</a> of the state’s Department of Environmental Conservation. Similar to  water-based fracking, the groups said, fracking with propane also  requires “the addition of toxic chemicals.” Because GASFRAC’s method is  proprietary, the groups said in their letter that “there is little  publicly-available information on the process” and the exact chemicals  it uses.</p>
<p>Propane is also very flammable, and in <a href="http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/husky-well-fire-injures-several-alberta-workers/article584094/">two</a> <a href="http://www.digitaljournal.com/pr/200954">cases</a> in Alberta in 2011, fires broke out during GASFRAC fracking operations, injuring a total of 15 workers.</p>
<p><a href="http://www.cee.cornell.edu/people/profile.cfm?netid=ari1">Cornell University engineering professor Anthony Ingraffea</a> is among those who are very skeptical of fracking in shale formations  with propane and other alternatives to water. Ingraffea has been  studying fracturing since doing research for his doctorate in the 1970s.  He finds that even modern fracking practices, using millions of gallons  of water per well to yield what he says is just 10 percent to 15  percent of oil and gas out, are “very inefficient and inelegant.”</p>
<p>Using propane or a propane-butane combination, Ingraffea says, has a  positive side in that it eliminates a key problem with water-based  fracking: the disposal of vast quantities of flowback water that returns  to the surface after fracking is completed and is often contaminated  with things such as salts and radioactivity.</p>
<p>But, he added, no one has yet clearly demonstrated that fracking with  propane or some of the other alternatives—such as using a nitrogen or  carbon dioxide gel—can compete on economics with water. Propane, he  said, “is expensive and nobody really knows how much it takes to develop  a typical shale gas well with a lateral that is a mile or two long.”</p>
<p>Oil and gas service companies such as Halliburton and Schlumberger  have thrown a lot of money and bright minds at seeking efficiencies over  many years, said Ingraffea, and if there was a “silver bullet you would  think those companies would have hit it very hard.”</p>
<p>As the Ceres report concludes:</p>
<blockquote>
<p>Shale energy development highlights the fact that our  water resources were already vulnerable before additional demands were  introduced. Regulators, water managers and ultimately all significant  economic players who rely on abundant supplies of water must double-down  their efforts to better manage this limited and most precious resource.</p>
</blockquote>
<p><i>Tom Kenworthy is a Senior Fellow at the Center for American Progress.</i></p>]]></content:encoded>
    <dc:publisher>No publisher</dc:publisher>
    <dc:creator>Megan Doherty</dc:creator>
    <dc:rights></dc:rights>
    <dc:date>2013-06-17T13:20:00Z</dc:date>
    <dc:type>Press Clip</dc:type>
  </item>


  <item rdf:about="http://www.ceres.org/press/press-releases/rapid-developments-in-alternative-fuels-surpassing-expectations">
    <title>Rapid Developments in Alternative Fuels  Surpassing Expectations</title>
    <link>http://www.ceres.org/press/press-releases/rapid-developments-in-alternative-fuels-surpassing-expectations</link>
    <description>Industry leaders and investors are heartened by faster-than-expected developments in alternative fuels, according to an industry report released today.</description>
    <content:encoded xmlns:content="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p>Industry leaders and investors are heartened by faster-than-expected developments in alternative fuels, <a href="../../resources/reports/california2019s-low-carbon-https:/www.ceres.org/resources/reports/california2019s-low-carbon-fuel-standard-compliance-outlook-for-2020/viewfuel-standard-compliance-outlook-for-2020/view">according to an industry report</a> released today.</p>
<p>The alternative fuels market has evolved much faster than anticipated, reveals the report, produced by a coalition of investors, utilities, and makers of alternative fuels and vehicles. For example, sales of electric vehicles are beating early projections, the surge in natural gas supply is helping decrease the carbon intensity in the transportation of merchandise, and biodiesel and renewable diesel are being consumed in much higher quantities than ever before. Although the cellulosic ethanol industry has struggled to produce projected volumes, other alternatives have emerged in unforeseen ways.</p>
<p>“We know now that the Low Carbon Fuel Standard is exceeding our expectations and driving us towards a clean fuels future,” said Eileen Tutt, executive director of the <a href="http://www.caletc.com/">California Electric Transportation Coalition</a> (CalETC). “The standard is doing exactly what it was designed to do – open the way for new fuels and technologies to compete fairly in the marketplace.”</p>
<p>The report analyzes recent developments in the transportation sector and presents three scenarios that ratchet down the carbon intensity of transportation fuels 10 percent to meet the goal of California’s Low Carbon Fuel Standard by 2020.</p>
<p>In addition to the three scenarios, the report offers these main conclusions:</p>
<ul>
<li>California’s Low Carbon Fuel Standard is achieving its goal of encouraging technological innovation through private investment;</li>
<li>The standard’s goals are achievable within its timeline, given current market conditions and revised estimates of low-carbon fuel availability out to 2020.</li>
</ul>
<p><br />“The market has certainly taken some unexpected turns – we’re seeing very interesting, if nascent developments from alternative fuel providers that are both encouraging and reflective of the market-based approach of the Low Carbon Fuel Standard,” said Philip Sheehy, analyst for <a href="http://www.icfi.com/">ICF International</a>, the independent consulting firm that performed the technical analyses contained in the report.</p>
<p>Emerging as the report’s biggest surprise was the promise of fuels that substitute for diesel, including biodiesel, renewable diesel, and natural gas. These fuels, which can all be used in trucks, are produced from waste materials, including animal fats, corn oil, and the gas that would otherwise escape from landfills. California drivers are rapidly increasing their consumption of biodiesel, up from the range of 20-25 million gallons in 2010. In fact, “2013 promises to be a banner year for biodiesel consumption in California,” the report declared.</p>
<p>Biodiesel blended at up to 5 percent with conventional diesel does not require any modifications to delivery infrastructure or vehicles. With recent improvements to the carbon intensity of biodiesel by using feedstocks such as corn oil, waste oils, and animal fats, diesel providers can blend low carbon biodiesel and earn credits for those reductions. Similarly, advances in renewable diesel production using waste feedstocks have enabled the deployment of significant volumes of this fuel in California.</p>
<p>Finally, increases in natural gas supply, more vehicle offerings, and attractive fuel pricing have generated significant interest for compressed and liquefied natural gas, particularly by fleets in the goods movement sector. Based on new market data, the report assumes that collectively these diesel substitutes will play a key role in the program.</p>
<p>“It is noteworthy that much of the good news from the state’s emerging fuel sector has come during a continuing national recession and consequent drop in clean-tech investments,” said Carol Lee Rawn, transportation program director for <a href="http://www.ceres.org/">Ceres</a>, a sustainability advocacy group. “It suggests that as the economy improves, we can expect even faster progress – and forward-thinking entrepreneurs and investors would be wise to seize this moment to enter the new market.”</p>
<p>Based on new market data, recent industry investment, and likely consumer behavior, the report outlines three scenarios for how California’s transportation industry might comply with the fuels standard out to 2020. All three projections point to an increasingly diverse fuel supply, with more innovation leading to more renewable fuels and advanced vehicles.</p>
<p>“Despite the unexpected advances, there are additional untapped reductions available with slight adjustments to the state’s clean fuels standard,” said Tutt, at the California Electric Transportation Coalition.</p>
<p>The report also highlights the benefits in terms of greenhouse gas reductions from two additional low-carbon fuel strategies: the addition of off-road electrification (such as electric locomotives and battery-powered forklifts), and improvements to California’s fuel-recovery and extraction processes (using solar energy in crude oil extraction or installing carbon capture and storage technologies at oil and gas wells).</p>
<p>This report is the first phase of a comprehensive, year-long project to analyze the environmental and economic impacts of meeting California’s Low Carbon Fuel Standard. It is the work of a diverse coalition, including CalETC, Ceres, E2, and California Natural Gas Vehicle Coalition, the National Biodiesel Board, and the Advanced Biofuels Association.</p>
<p><a href="../../resources/reports/california2019s-low-carbon-fuel-standard-compliance-outlook-for-2020/view">View the full report</a>.</p>]]></content:encoded>
    <dc:publisher>No publisher</dc:publisher>
    <dc:creator>Megan Doherty</dc:creator>
    <dc:rights></dc:rights>
    <dc:date>2013-06-13T15:05:29Z</dc:date>
    <dc:type>Press Release</dc:type>
  </item>


  <item rdf:about="http://www.ceres.org/resources/reports/california2019s-low-carbon-fuel-standard-compliance-outlook-for-2020">
    <title>California’s Low Carbon Fuel Standard: Compliance Outlook for 2020</title>
    <link>http://www.ceres.org/resources/reports/california2019s-low-carbon-fuel-standard-compliance-outlook-for-2020</link>
    <description>California’s Low Carbon Fuel Standard requires a 10 percent reduction in the carbon intensity of transportation fuels by 2020, as measured on a lifecycle basis. The goals of the program are to reduce greenhouse gas emissions from the transportation sector, diversify the transportation fuels sector, and to spur investment and innovation in lower carbon fuels. This report represents the first phase of a two-phase, year-long project assessing the economic and environmental impacts of compliance with California’s LCFS out to 2020.</description>
    <content:encoded xmlns:content="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p>Adopted in 2007, California’s Low Carbon Fuel Standard requires a 10 percent reduction in the carbon intensity of transportation fuels by 2020, as measured on a lifecycle basis. The goals of the program are to reduce greenhouse gas emissions from the transportation sector, diversify the transportation fuels sector, and to spur investment and innovation in lower carbon fuels.<br /><br />This report represents the first phase of a two-phase, year-long project assessing the economic and environmental impacts of compliance with California’s LCFS out to 2020. This phase focuses on the development of compliance scenarios based on market research, consultation with stakeholders, and market forecasts based on best estimates of fuel availability. These compliance scenarios are used to convey the outcomes of our research and analysis: namely, that the LCFS requirements can be achieved through modest changes in the diversity of transportation fuels supplied to California. The second phase of the work will focus on the economic and environmental impacts of these compliance scenarios, including parameters such as gross domestic product, jobs, and avoided damage costs.</p>]]></content:encoded>
    <dc:publisher>No publisher</dc:publisher>
    <dc:creator>Megan Doherty</dc:creator>
    <dc:rights></dc:rights>
    <dc:date>2013-06-13T14:40:00Z</dc:date>
    <dc:type>Resource</dc:type>
  </item>


  <item rdf:about="http://www.ceres.org/press/blog-posts/unburnable-carbon-or-no-fossil-fuel-companies-face-a-climate-catch-22">
    <title>'Unburnable Carbon' or No, Fossil Fuel Companies Face a Climate Catch-22</title>
    <link>http://www.ceres.org/press/blog-posts/unburnable-carbon-or-no-fossil-fuel-companies-face-a-climate-catch-22</link>
    <description>What happens when your most valuable assets become liabilities? International oil, gas and coal companies may be about to find out.</description>
    <content:encoded xmlns:content="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p>What happens when your most valuable assets become liabilities?  International oil, gas and coal companies may be about to find out.</p>
<p>This week, the International Energy Agency (IEA) released a <a href="http://iea.org/newsroomandevents/pressreleases/2013/june/name,38773,en.html" target="_blank">special update to its annual <i>World Energy Outlook</i></a>,  which reveals that governments face severe challenges if they hope to  limit the rise in global temperatures to below the internationally  recognized 2 °C target.<i> </i>In fact, IEA estimates that global  temperatures are currently on track to rise between 3.6 °C and 5.3 °C, a  change that would have a dramatic effect on every sector of the global  economy, from agriculture to air travel.</p>
<p><i></i>While every industry bears the <i>costs</i> of a changing climate, some industries play a greater role than others in creating the <i>cause</i>.  As the IEA noted, the energy sector accounts for approximately  two-thirds of global greenhouse gas emissions. Therefore, the agency  focused its <i>Redrawing the Energy-Climate Map</i> report on what can be done to de-carbonize global energy systems.</p>
<p>That’s no easy task, but for the energy industry itself, it’s an imperative. <a href="http://www.worldenergyoutlook.org/energyclimatemap/">As IEA put it</a> in the lead up to the report’s release, “[The study] demonstrates that  the energy sector, in its own interest, needs to address now the risks  implicit in climate change – whether they be the physical impacts of  climate change or the consequences of more drastic action later by  governments as the need to curb emissions becomes imperative.”</p>
<p>In other words, the fossil fuel industry faces a climate change Catch-22.</p>
<p>Either it burns its existing reserves of oil, gas and coal and faces <i>physical risks</i><b> </b>from  climate change, like stronger storms that shut down coastal refineries  and melting tundra that destabilizes northern pipelines. Or, when rising  temperatures compel international governments to limit carbon  emissions, the industry will be forced to keep its carbon reserves in  the ground, facing <i>financial risks</i> that will cost its stockholders billions in shareholder value.</p>
<p>Previous studies have warned of the risks of <a href="http://gofossilfree.org/files/2013/02/HSBCOilJan13.pdf">“stranded assets”</a> or <a href="http://www.carbontracker.org/wastedcapital">“unburnable carbon”</a> and its potential impact on the fossil fuel industry. IEA’s analysis  adds a new chapter to the debate, and it underscores the fact that  whether or not the fossil fuel industry chooses to burn its carbon  reserves, it faces a hard road ahead.</p>
<p>The fossil fuel industry intends to be the dominant energy provider of the next several decades, and by <a href="http://www.eia.gov/forecasts/aeo/er/early_fuel.cfm">most analysts’ calculations, it will</a>.  But it will have to come to grips with this alarming reality: It no  longer makes sense to seek out more oil, gas or coal, since a  significant percentage of those products may never be sold. And even if  that carbon does go to market, the energy industry itself will pay a  toll, as extreme weather wreaks havoc on its physical assets and,  frankly, its customers. Major consumers of fossil fuels, like electric  power utilities, <a href="http://www.ceres.org/resources/reports/physical-risks-from-climate-change/view">face many of the same risks</a>.</p>
<p>Fortunately, IEA offers some solutions. The report outlines four  specific measures for the energy sector that can be quickly and  effectively implemented, at no net economic cost, to help keep the 2 °C  target alive while international negotiations continue. The authors  recommend that:</p>
<ul>
<li>The world’s governments double down on energy-efficiency measures;</li>
<li>Cut back on the use of inefficient coal-fired power plants;</li>
<li>Minimize methane emissions from oil and gas production;</li>
<li>And accelerate the removal of fossil fuel subsidies.</li>
</ul>
<p>These are initiatives that Ceres’ Investor Network on Climate Risk  has long championed. Within the past 12 months alone, investors filed  shareholder resolutions on <a href="http://www.ceres.org/press/press-releases/investors-push-13-corporations-to-adopt-clean-energy-strategies-in-shareholder-filings">energy efficiency with 13 companies</a> after engaging with dozens more, encouraged <a href="http://www.ceres.org/press/press-releases/new-york-state-pension-fund-and-other-investors-urge-utilities-to-ramp-up-renewable-energy-and-energy-efficiency">five major coal-fired electric power utilities</a> to ramp up renewables and efficiency, and signed a <a href="http://www.ceres.org/press/press-releases/global-investors-call-for-action-on-methane-emissions-from-shale-gas-and-oil-fracking">global investor statement on limiting fugitive methane</a> emissions, along with several more resolutions targeting harmful practices from <a href="http://www.ceres.org/press/press-releases/investors-press-oil-and-gas-companies-to-reduce-and-report-risks-from-hydraulic-fracturing-operations">hydraulic fracturing operators and the natural gas supply chain</a>.</p>
<p>But these measures alone are not enough. Even as investors call for  greater energy efficiency and responsible oil and gas development, they  must grapple with the same dilemma: The dire threat of climate change  makes fossil fuel companies’ carbon reserves both assets—and  liabilities. Plans are underway for a major investor-led initiative that  will ask fossil fuel companies how they reconcile these risks with  their current business model.</p>
<p>Fossil fuel executives aren’t ignoring the issue, but their responses thus far won’t satisfy investors. Last year, <a href="http://www.guardian.co.uk/environment/2012/jun/28/exxonmobil-climate-change-rex-tillerson">ExxonMobil CEO Rex Tillerson was asked</a> about his firm’s take on the threat of climate change. He answered, “We have spent our entire existence adapting. We’ll adapt.”</p>
<p>Whether or not the fossil fuel industry chooses to implement IEA’s  four energy policies, it must respond more aggressively to climate  change. If it fails, it will have only itself to blame.</p>]]></content:encoded>
    <dc:publisher>No publisher</dc:publisher>
    <dc:creator>Mindy S. Lubber JD, MBA</dc:creator>
    <dc:rights></dc:rights>
    <dc:date>2013-06-12T15:57:01Z</dc:date>
    <dc:type>Blog Clip</dc:type>
  </item>


  <item rdf:about="http://www.ceres.org/press/press-releases/u.s.-investor-group-joins-global-investors-in-tackling-climate-change-in-hong-kong">
    <title>U.S. investor group joins global investors in tackling climate change in Hong Kong</title>
    <link>http://www.ceres.org/press/press-releases/u.s.-investor-group-joins-global-investors-in-tackling-climate-change-in-hong-kong</link>
    <description>Amid growing concern that climate change is already having substantial global economic impacts, a coalition of institutional investors, including INCR, will meet in Hong Kong to identify the financial and investment risks associated with climate change and the opportunities for investing in a low carbon future. </description>
    <content:encoded xmlns:content="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p>Amid growing concern that climate change is already having substantial global economic impacts that are certain to grow, a coalition of institutional investors, including the Boston-based Investor Network on Climate Risk (INCR), will meet in Hong Kong June 13-14 to identify the financial and investment risks associated with climate change and the opportunities for investing in a low carbon future. The Global Investor Forum on Climate Change is being convened by the Global Investor Coalition on Climate Change (GIC), whose members collectively manage more than $20 trillion of assets.</p>
<p>Investors and policymakers participating in the two-day gathering include UN Secretary General Ban Ki-moon, former U.S. Vice President and Chairman of Generation Investment Al Gore, and senior investment executives of many of the world’s largest pension funds and other institutional investors.</p>
<p>The Forum comes on the heels of a new International Energy Agency report stating that global temperatures are currently on track to rise between 3.6 °C and 5.3 °C, a change that would have dramatic adverse effects on every sector of the global economy, from agriculture to automobiles.</p>
<p>“The GIC Forum is an extraordinary gathering that signals the urgency major capital market players attach to climate change and its far-reaching economic impacts,” said Christopher Davis, director of Investor Programs at Ceres, a nonprofit group that coordinates the Investor Network on Climate Risk, (INCR), one of four investor networks that comprises the GIC.</p>
<p>Davis, who is representing INCR in Hong Kong, said a key goal of the forum is to engage Asian investors on climate change as a key investment risk and opportunity.</p>
<p>The forum will also focus on sharing best practices on integrating climate concerns into investment practices and on encouraging investors to engage with their portfolio companies about their own climate strategies.</p>
<p>Investors also have a major role to play in directing capital towards climate change solutions such as clean energy, efficient technologies and resilient infrastructure, Davis said.</p>
<p>In addition to INCR, the Global Investor Coalition includes the Europe-based Institutional Investors Group on Climate Change, the Australia/New Zealand-based Investor Group on Climate Change, and the Asia Investor Group on Climate Change.  GIC’s goal is to reduce climate risks to investors and the global economy by encouraging strong carbon-reducing government policies that will galvanize increased low carbon investments.</p>
<p>“When $20 trillion dollars in capital speaks, companies and governments tend to listen,” Davis said. “GIC’s investor members have a critical role to play in moving governments and businesses to take the action necessary to avoid the worst impacts of climate change, and to accelerate the necessary transition to a low carbon economy.”</p>
<p>“To date, governmental efforts to address climate change have been inadequate,” Davis added. “The implications for the global economy are enormous and that’s why major institutional investors are committed to take action. But it will take clear market signals from policy makers, such as limits or taxes on greenhouse gas emissions, to ensure the flow of investment capital towards climate solutions is adequate to meet the challenge. The Global Forum on Climate Change is an important step forward in advancing investor engagement on this critical issue.”</p>
<p><b>About Ceres</b><br /> Ceres is a Boston-based nonprofit organization mobilizing company and investor leadership on climate change and other sustainability challenges. Ceres coordinates the Investor Network on Climate Risk, a network of more than 100 institutional investors with collective assets totaling more than $11 trillion.</p>]]></content:encoded>
    <dc:publisher>No publisher</dc:publisher>
    <dc:creator>Megan Doherty</dc:creator>
    <dc:rights></dc:rights>
    <dc:date>2013-06-12T13:40:00Z</dc:date>
    <dc:type>Press Release</dc:type>
  </item>


  <item rdf:about="http://www.ceres.org/press/press-releases/led-by-calstrs-and-oregon-treasurer-22-u.s.-investors-sign-climate-declaration-joining-call-to-action-on-climate-policy">
    <title>Led by CalSTRS and Oregon Treasurer, 22 U.S. Investors Sign Climate Declaration, Joining Call to Action on Climate Policy</title>
    <link>http://www.ceres.org/press/press-releases/led-by-calstrs-and-oregon-treasurer-22-u.s.-investors-sign-climate-declaration-joining-call-to-action-on-climate-policy</link>
    <description>On the eve of the inaugural Global Investor Forum on Climate Change, 22 American investment firms with approximately $240 billion in assets under management have signed the Climate Declaration, calling on U.S. policymakers to seize the American economic opportunity of addressing climate change.</description>
    <content:encoded xmlns:content="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p>On the eve of the inaugural Global Investor Forum on Climate Change on June 13-14 in Hong Kong, a total of 22 American investment firms with approximately $240 billion in assets under management, led by the California State Teachers' Retirement System (CalSTRS) and the Oregon State Treasurer’s office, have signed the <a href="http://www.climatedeclaration.us">Climate Declaration</a>, calling on U.S. policymakers to seize the American economic opportunity of addressing climate change.</p>
<p>These financial leaders join more than 150 other American businesses, including industry icons <b>General Motors Co., Intel </b>and<b> Nike</b> and more than 100 ski areas, in asserting, “Tackling climate change is one of America’s greatest economic opportunities of the 21st century … There must be a coordinated effort to combat climate change—with America taking the lead here at home.”</p>
<p>“As the global economy moves toward a low-carbon future, governments that act aggressively to enact strong, long-term climate and energy policies will reap the biggest rewards,” said <b>Jack Ehnes, chief executive officer of CalSTRS,</b> the world’s largest educator-only pension fund serving 862,000 beneficiaries with a portfolio valued at $167 billion. “In order to tackle the global climate crisis, we must realize the strength of our combined efforts. That is why CalSTRS signed the Climate Declaration. U.S. policy leaders need to step up on this issue and embrace climate change policies as an economic opportunity.”</p>
<p>Investors have been an important force in supporting policy changes related to clean energy and efficiency. Last year, investors managing <a href="http://www.ceres.org/press/press-releases/investors-ask-congress-to-extend-wind-production-tax-credit">$800 billion in assets called on Congress to renew the Production Tax Credit</a> for renewable energy, which was ultimately extended for another year. Investors have also been outspoken proponents of <a href="http://www.forbes.com/sites/mindylubber/2013/03/19/protecting-renewable-portfolio-standards-from-cynical-attacks/">state Renewable Portfolio Standards</a> (RPSs) that more than two-dozen states have enacted to boost sourcing of wind, solar and other renewable energy. RPSs have catalyzed billions of dollars of investment, thousands of new projects and hundreds of thousands of good-paying jobs, including 30,000 new jobs in 2012 alone.</p>
<p>“Being smarter when it comes to climate change is the right thing to do for all of our families, and it also will translate into economic and investment opportunities,” said <b>Oregon State Treasurer Ted Wheeler</b>, who has previously called for better disclosure of climate-related opportunities and risks. “I am proud to stand with Oregon’s largest employers and premier ski destinations to recognize that a cleaner future will also be a more profitable one.”</p>
<p>Today’s announcement comes on the eve of the first <a href="http://investorforumonclimate.com/">Global Investor Forum on Climate Change</a>, sponsored by Ceres’<a href="http://www.ceres.org/investor-network/incr"> Investor Network on Climate Risk</a> (INCR) along with the Asia Investor Group on Climate Change, the EU-based Institutional Investors Group on Climate Change and the Investor Group on Climate Change, which represents Australian and New Zealand investors.</p>
<p>The two-day event will bring together investors and financial institutions from both developed and emerging markets for the first time to discuss the challenges presented by a changing climate, as well as the imperative to scale up investment in low-carbon infrastructure and business. Al Gore, co-founder and chairman of Generation Investment Management, and Ban Ki-moon, Secretary-General of the United Nations, will address the assembly via video.</p>
<p>“Without the participation of the financial community, we won’t get low-carbon solutions to the scale needed to address climate change, nor will the U.S. capture the full economic benefits of building a global clean energy economy,” said <b>Anne L. Kelly, director of Business for Innovative Climate and Energy Policy (BICEP), </b>a Ceres-led business network that helped launch the Climate Declaration in April. “We are pleased to see strong support from the investor community on climate change policy, and it couldn’t have come at a better time. We urge the investors meeting at this week’s event to take the challenge of tackling climate change seriously.”</p>
<p>In addition to CalSTRS and the Oregon Office of the State Treasurer, Climate Declaration investor signatories include: Boardwalk Capital Management; Boston Common Asset Management, LLC;</p>
<p>Calvert Asset Management Company, Inc.; Chrysalix; Domini Social Investments LLC; ESG Integrated Solutions; First Affirmative Financial Network, LLC; Friends Fiduciary Corporation; Green Century Capital Management; Leadership Council of the Sisters, Servants of the Immaculate Heart of Mary; Mercy Investment Services, Inc.; Pax World Management Corp.; Portfolio 21 Investments; Sisters of St. Dominic (Caldwell, NJ); The Christopher Reynolds Foundation; The Sustainability Group at Loring, Wolcott and Coolidge; Tri-State Coalition for Responsible Investment; Trillium Asset Management; Walden Asset Management; and Zevin Asset Management.</p>
<p>Over the course of an ongoing campaign organized by Ceres and BICEP, other leading businesses and investors, as well as individuals, are encouraged to sign the Declaration and join the call to action. For more information about the Climate Declaration, please visit <a href="http://www.climatedeclaration.us">www.climatedeclaration.us</a>.</p>
<p>More information on the Global Investor Forum on Climate Change is available at <a href="http://investorforumonclimate.com/">investorforumonclimate.com</a>.</p>
<p><b> </b></p>
<p><b>About Ceres</b></p>
<p><b>Ceres </b>is a nonprofit organization mobilizing business leadership on climate change and other sustainability challenges. Ceres also directs the Investor Network on Climate Risk (INCR), a network of 100 institutional investors with collective assets totaling more than $11 trillion. For more information, visit <a href="http://www.ceres.org">http://www.ceres.org</a></p>
<p><b>About BICEP</b></p>
<p><b>BICEP </b>(Business for Innovative Climate &amp; Energy Policy), a project of Ceres, is an advocacy coalition of businesses committed to working with policy makers to pass meaningful energy and climate legislation enabling a rapid transition to a low-carbon, 21st century economy – an economy that will create new jobs and stimulate economic growth while stabilizing our planet’s fragile climate. BICEP is a project of Ceres. For more information and a list of member companies visit: <a href="http://www.ceres.org/bicep">http://www.ceres.org/bicep</a></p>
<p><b>About CalSTRS </b></p>
<p>The <a href="http://www.calstrs.com/">California State Teachers’ Retirement System</a>, with a portfolio valued at $167.2 billion as of April 30, 2013, is the largest educator-only pension fund in the world. CalSTRS administers a hybrid retirement system, consisting of traditional defined benefit, cash balance and voluntary defined contribution plans. CalSTRS also provides disability and survivor benefits. For 100 years, CalSTRS has served California's public school educators and their families, who today number 862,000 from the state’s 1,600 school districts, county offices of education and community college districts.</p>
<p><b>About the Oregon State Treasurer </b></p>
<p>The <a href="http://www.oregon.gov/treasury">Oregon State Treasury</a> protects public assets and manages a portfolio valued at $82.4 billion as of April 30, 2013. State investment policies are overseen by the Oregon Investment Council, of which the Treasurer is a member. The Treasurer also promotes public outreach and education to help Oregonians learn strategies to save money, invest for college and make smart financial choices.</p>]]></content:encoded>
    <dc:publisher>No publisher</dc:publisher>
    <dc:creator>Megan Doherty</dc:creator>
    <dc:rights></dc:rights>
    <dc:date>2013-06-11T13:54:00Z</dc:date>
    <dc:type>Press Release</dc:type>
  </item>


  <item rdf:about="http://www.ceres.org/press/press-clips/betsy-blaisdell-a-federal-green-energy-policy-everyone-can-support">
    <title>Betsy Blaisdell: A federal green energy policy everyone can support</title>
    <link>http://www.ceres.org/press/press-clips/betsy-blaisdell-a-federal-green-energy-policy-everyone-can-support</link>
    <description> Our daily livelihoods depend on the outdoors. And we’re worried. We see the effects of climate change — not only in our surroundings, but in our potential revenues.</description>
    <content:encoded xmlns:content="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p>We have a new tradition at Timberland. Each fall at our annual sales meeting, we do a little dance to bring on the snow.</p>
<p>It’s  hardly an elegant sight, these few hundred men and women decked out in  outdoors gear, self-consciously shimmying. But it comes from our hearts.  Our daily livelihoods depend on the outdoors. And we’re worried. We see  the effects of climate change — not only in our surroundings, but in  our potential revenues. We don’t sell as many boots if the temperatures  don’t plummet in November. We’re determined to protect our winters, and  that starts with the way we run our business.<br class="hardreturn" /></p>
<p>Since  2006, Timberland has cut our greenhouse-gas emissions by more than 46  percent. In the process, we have also cut costs, saving $150,000 a year  alone by switching to LED lighting in our U.S. stores. We continue to  cut our transportation-related emissions and are buying more renewable  energy every year. As a result of these commitments, we are now on track  to have 30 percent of our energy coming from clean, renewable sources  by 2015.<br class="hardreturn" /></p>
<p>To be  sure, we know there is only so much one company can do. That’s why  Timberland joined with BICEP (Business for Innovative Climate and Energy  Policy), Ceres and a group of 40 U.S. corporations including other big  brand names like General Motors, Nike and Starbucks, in signing a  Climate Declaration, to call on President Barack Obama and Congress to  combat climate change. Last week, more than 100 ski areas joined our  call.<br class="hardreturn" /></p>
<p>“We cannot  risk our kids’ futures on the false hope that the vast majority of  scientists are wrong,” we wrote in the Declaration. And we believe that  if addressed correctly, today’s energy and climate dilemmas offer our  nation one of the greatest economic opportunities of the 21st century.<br class="hardreturn" /></p>
<p>Together,  the Climate Declaration signatories provide approximately 550,000 U.S.  jobs and generate a combined annual revenue of more than $610 billion.  Extreme weather events like Hurricane Sandy have affected several  Climate Declaration signatories and exposed the United States’ economic  vulnerability to climate change. We need solutions from policymakers  that address these issues at a nationwide scale, while also  strengthening the economy.<br class="hardreturn" /></p>
<p>Energy  efficiency is just one of those economic opportunities, as Timberland  knows well. And with the introduction of major bipartisan energy  efficiency legislation by Sens. Jeanne Shaheen, D-New Hampshire, and Rob  Portman, R-Ohio, there are signs that other businesses may benefit from  smart policy action that reduces emissions and saves money. Their bill,  the Energy Savings and Industrial Competitiveness Act of 2013, passed  through committee earlier this year and is expected to go to vote soon.  Sen. Kelly Ayotte, R-New Hampshire, has also joined the bill as a  co-sponsor, in a strong show of support from New Hampshire’s delegation.<br class="hardreturn" /></p>
<p>The  legislation would authorize new model building codes that will boost  efficiency — and save money — in homes and businesses across the  country. It would create a state-based private financing program for  efficiency upgrades and establish a Supply Star program, modeled after  the well-known Energy Star program, which would promote energy-efficient  supply chains.<br class="hardreturn" /></p>
<p>It  also sets best practices for efficient energy use within the federal  government, ensuring that Washington spends less on energy in the  future.<br /><br />Businesses understand that planning for a successful  future takes investment today. Congress can start the nation on a better  path by passing laws that will both protect our planet and grow our  economy. We encourage lawmakers to embrace this opportunity, for the  better of New Hampshire’s businesses and the nation’s.<br class="hardreturn" /></p>
<p><i>Betsy  Blaisdell is senior manager of environmental stewardship for The  Timberland Company, headquartered in Stratham. Timberland is a founding  member of BICEP, Business for Innovative Climate &amp; Energy Policy, a  project of Ceres, a business coalition working for sustainability.</i></p>]]></content:encoded>
    <dc:publisher>No publisher</dc:publisher>
    <dc:creator>Megan Doherty</dc:creator>
    <dc:rights></dc:rights>
    <dc:date>2013-06-06T14:24:04Z</dc:date>
    <dc:type>Press Clip</dc:type>
  </item>


  <item rdf:about="http://www.ceres.org/press/press-releases/new-study-more-u.s.-mutual-fund-companies-supporting-climate-change-resolutions-but-big-firms-still-lagging">
    <title>New Study: More U.S. Mutual Fund Companies Supporting Climate Change Resolutions, But Big Firms Still Lagging</title>
    <link>http://www.ceres.org/press/press-releases/new-study-more-u.s.-mutual-fund-companies-supporting-climate-change-resolutions-but-big-firms-still-lagging</link>
    <description>Three large American mutual fund companies –  which collectively manage more than $930 billion in assets – last year supported the vast majority of shareholder resolutions filed with companies on climate change business risks.</description>
    <content:encoded xmlns:content="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p>Three large American mutual fund companies – DWS, AllianceBernstein and Oppenheimer, which collectively manage more than $930 billion in assets – last year supported the vast majority of shareholder resolutions filed with companies on climate change business risks. Until 2011, DWS had never cast a single vote in support of climate-focused resolutions tracked by the study. AllianceBernstein had cast only two votes in support of climate resolutions over the previous 10 proxy seasons, until voting for 21 of the 26 resolutions that came to vote across its portfolio funds in the 2012 proxy season.</p>
<p>This is one of the major positive findings of a new Ceres analysis of proxy votes cast in 2012 by 43 of the largest U.S. mutual fund companies. Six fund families failed to support even a single climate-related resolution in 2012, including BNY Mellon, Franklin Templeton, ING, Pioneer, Putnam and Vanguard.</p>
<p>“Too many mutual fund managers still fail to grasp the risks that climate change poses to companies they invest in,” said Mindy Lubber, president of Ceres, which commissioned the analysis by Jackie Cook of FundVotes.com. “But it’s encouraging to see DWS, AllianceBernstein, and Oppenheimer acting on their fiduciary duty by voting in the best interest of their clients on these resolutions. While shareholder support for climate resolutions averaged around 22 percent last year, 14 votes were above 30 percent, indicating growing awareness of these important risks and opportunities.”</p>
<p>A growing number of institutional investors – many of them members of the Ceres-coordinated Investor Network on Climate Risk (INCR) comprised of 100 institutional investors – have publicly signaled that they view information about climate risks as material to their investment decisions.</p>
<p>Many of these same investors have filed more than 100 climate-related resolutions in each of the past two years with companies in the electric power, oil &amp; gas, insurance and other sectors. The resolutions typically request that companies disclose climate-related risks they are facing and strategies for managing those risks, including greenhouse gas reduction plans. In 2012, 48 resolutions were withdrawn before going to vote after the companies responded affirmatively to the shareholder requests.  The Ceres study tracked 46 climate resolutions that went to vote during the 2012 proxy season.</p>
<p>Besides AllianceBernstein and DWS, other fund groups that improved their support for climate resolutions last year are Transamerica and Metropolitan. State Street (SSgA), while still supporting relatively few climate-related resolutions, increased its support from 6 percent in 2011 to 13 percent in 2012.  Prior to 2011, State Street had not supported a single climate-related resolution.</p>
<p>Vanguard remains the only fund family to have never cast a single vote in support of a climate-related resolution in the nine years covered by the Ceres survey.  Last year it opposed 59 percent of resolutions that came to vote within its portfolio of funds and abstained on 41 percent of resolutions.</p>
<p>The 10 resolutions requesting that companies prepare a sustainability report including mitigation measures for climate-related risks earned an average of 38 percent support and the four resolutions requesting that companies adopt quantitative greenhouse gas emission reduction goals earned an average of 27 percent support from shareholders.  These outcomes are clear signals of growing market demand for climate-related corporate disclosure.</p>
<p>In 2010, at the request of INCR members, the U.S. Securities and Exchange Commission issued formal guidance on publicly traded companies' obligations to disclose material climate risks in their financial filings.</p>
<p>“U.S. mutual funds, with their sizeable ownership of domestic corporate stocks, need to consider the merits of shareholder requests on climate change and formalize their proxy voting guidelines accordingly,” Lubber said.</p>
<p><b>Graphic:</b></p>
<p><b>Average Support for Climate-Related Shareholder Resolutions in 2012 Proxy Season by Large US Mutual Fund Families</b></p>
<p>﻿<img src="http://www.ceres.org/images/incr/average-support-for-climate-related-shareholder-resolutions-in-2012-proxy-season-by-large-us-mutual-fund-families" alt="Average Support for Climate-Related Shareholder Resolutions in 2012 Proxy Season by Large US Mutual Fund Families" width="454" class="image-inline" height="445" />﻿<br /> <a href="../../images/incr/average-support-for-climate-related-shareholder-resolutions-in-2012-proxy-season-by-large-us-mutual-fund-families/view">View larger image</a></p>
<p><b>About Ceres</b></p>
<p><b>Ceres </b>is an advocate for sustainability leadership.  Ceres mobilizes a powerful coalition of investors, companies and public interest groups to accelerate and expand the adoption of sustainable business practices and solutions to build a healthy global economy. Ceres also directs the Investor Network on Climate Risk (INCR), a network of 100 institutional investors with collective assets totaling more than $11 trillion. For more information, visit <a href="http://www.ceres.org">http://www.ceres.org</a> and <a href="http://www.incr.com/">http://www.incr.com/</a>.</p>]]></content:encoded>
    <dc:publisher>No publisher</dc:publisher>
    <dc:creator>Megan Doherty</dc:creator>
    <dc:rights></dc:rights>
    <dc:date>2013-06-05T13:25:02Z</dc:date>
    <dc:type>Press Release</dc:type>
  </item>


  <item rdf:about="http://www.ceres.org/press/blog-posts/escalating-water-strains-in-fracking-regions">
    <title>Escalating Water Strains In Fracking Regions</title>
    <link>http://www.ceres.org/press/blog-posts/escalating-water-strains-in-fracking-regions</link>
    <description>It’s bad enough that Western farmers and ranchers are reeling from a three-year-old drought and record heat waves. Now they’re feeling the heat from the goliath energy industry – over water</description>
    <content:encoded xmlns:content="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p>It’s bad enough that Western farmers and ranchers are reeling from a  three-year-old drought and record heat waves. Now they’re feeling the  heat from the goliath energy industry – over water.</p>
<p>From Texas to Colorado, hydraulic fracturing energy production is  using larger amounts of water. So much that farmers and other major  users are getting increasingly nervous about running out of the precious  resource, especially as more people move to these states.</p>
<p>In drought-ravaged Texas, fracturing-related water use has <a href="http://www.texastribune.org/2013/03/08/texas-water-use-fracking-stirs-concerns/" target="_blank">doubled in three years</a>,  while dozens of communities are imposing water-use restrictions. In  Colorado and North Dakota, energy companies are paying exorbitant money –  up to 10 times more than farmers typically pay – to secure increasingly  scarce municipal water.</p>
<p>And, with populations and energy production projected to grow sharply  in the coming years, these competitive pressures are likely to worsen,  especially if tighter water management measures for the industry are not  put into place. A <a href="http://uk.reuters.com/article/2013/05/20/us-usa-water-idUKBRE94J0Y920130520" target="_blank">new federal study</a> showing rapid depletion of underground water supplies in some of these same regions only adds to the urgency.</p>
<p>Shale energy production is a thirsty business.</p>
<p>To free up the oil and gas from shale deposits, anywhere from two to  10 million gallons of water (along with sand and chemicals) are injected  into each fracturing well. Multiply that times tens of thousands of  wells and you’re talking lots of water. The impacts are even worse when  wells are tightly concentrated.</p>
<p>While much of the national fracking debate has focused on water  contamination from chemicals, another big concern, especially in the  West, is volume water use.</p>
<p>The past few years has seen a mad-dash scramble of shale energy  production – and the sucking sound of water withdrawals – across much of  the West and Southwest. Texas has been the biggest producer and water  user by far, followed by Pennsylvania, Colorado and Arkansas. Texas  shale producers used about <a href="http://www.house.state.tx.us/_media/pdf/committees/reports/82interim/House-Committee-on-Natural-Resources-Interim-Report.pdf" target="_blank">25 billion gallons of water</a> last year and substantially more will be used as more drilling takes  place in the rich Eagle Ford formation. In some rural Texas counties,  fracking accounts for 10 to 25 percent of water use and is projected to  eclipse 50 percent in the future.</p>
<p style="text-align: center; "><a class="external-link" href="../../issues/water/hydraulic-fracturing-water-stress/hydraulic-fracturing-water-stress"><img src="http://b-i.forbesimg.com/mindylubber/files/2013/05/FrackingMap2.jpg" width="381" class="wp-image-1030" height="248" /></a><br /><a class="external-link" href="../../issues/water/hydraulic-fracturing-water-stress/hydraulic-fracturing-water-stress">Click to view the interactive map</a></p>
<p><a href="../press-releases/new-study-hydraulic-fracturing-faces-growing-competition-for-water-supplies-in-water-stressed-regions" target="_blank">A new repo</a><a href="../press-releases/new-study-hydraulic-fracturing-faces-growing-competition-for-water-supplies-in-water-stressed-regions" target="_blank">rt</a> by my nonprofit group Ceres shines a light on the escalating  water/shale production tension. The report authors evaluated well  location and water use data from the fracking website <a href="http://fracfocus.org/" target="_blank">FracFocus.org</a>. The data was then laid on top of water risk maps developed by the World Resources Institute (WRI).</p>
<p>Nearly half of the 25,450 wells evaluated – 47 percent – were in  water basins with high and extremely high water stress. In Colorado, 92  percent of the wells were in extremely high water stress regions. In  Texas, 51 percent were in high or extremely high water stress regions. A  basin with extremely high water stress means that more than 80 percent  of the available water is already allocated for agricultural, industrial  and municipal water use, according to WRI.</p>
<p>The report calls into question whether the industry’s growth in these  arid states is sustainable – especially Texas, whose population is  expected to grow by 80 percent in the next several decades just as  thousands of new wells are being drilled every year.</p>
<p>Goldman Sachs has similar concerns. “Adequate water supply is a  critical ingredient in shale production … but there are significant  regional differences (in water supplies),” wrote Goldman Sachs in a  report this month, noting the Southwest’s vulnerability to drought and  aridness.</p>
<p>Investors such as <a href="http://www.circleofblue.org/waternews/2013/world/report-half-of-u-s-fracking-wells-are-drilled-in-highly-water-stressed-regions/" target="_blank">Calvert Investments</a> are also filing shareholder resolutions with shale producers on the water topic.</p>
<p>Shale producers and state policymakers are certainly mindful of the  water scarcity problem and are scrambling to ramp up solutions such as  recycling, saline water use and even waterless fracking.</p>
<p>But the results so far have been inconsistent and vary widely from  region to region. For example, water recycling in the Marcellus region  of Pennsylvania is as high as 40 percent, but remains in single digits  in many parts of Texas, Colorado and California.  Recycling also has  limitations because most of the water injected into the wells remains in  the ground. There are also technical challenges to using recycled and  saline water such as handling the contaminants in the water and  corrosion of equipment.</p>
<p>Clearly, shale energy producers and regulators will need to dig  deeper to better manage current and future competitive pressures between  shale development and society’s broader water needs. Competitive  fractures are already being felt in water stressed regions and far  stronger water management practices, and more frank discussion of these  issues, are urgently needed.</p>]]></content:encoded>
    <dc:publisher>No publisher</dc:publisher>
    <dc:creator>Mindy S. Lubber JD, MBA</dc:creator>
    <dc:rights></dc:rights>
    
      <dc:subject>expert</dc:subject>
    
    <dc:date>2013-05-30T12:55:00Z</dc:date>
    <dc:type>Blog Clip</dc:type>
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  <item rdf:about="http://www.ceres.org/press/press-releases/ceres-and-world-resources-institute-join-growing-blue">
    <title>Ceres and World Resources Institute Join Growing Blue</title>
    <link>http://www.ceres.org/press/press-releases/ceres-and-world-resources-institute-join-growing-blue</link>
    <description>The World Resources Institute, a global non-profit organization that focuses on the environment and economic development, and Ceres, a non-profit group that mobilizes business and investor leadership on sustainability challenges, have become the newest members of the Growing Blue network.</description>
    <content:encoded xmlns:content="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p>The World Resources Institute, a global non-profit organization that focuses on the environment and economic development, and Ceres, a non-profit group that mobilizes business and investor leadership on sustainability challenges, have become the newest members of the Growing Blue network.</p>
<p><a href="http://www.growingblue.com">Growing Blue</a> is a data-driven, online resource designed to help local communities and businesses gain a better understanding of water resource challenge and the need for thoughtful solutions.</p>
<p>Both Ceres and World Resources Institute are now serving on Growing Blue’s executive committee. Their addition expands Growing Blue’s information resources to provide decision-makers with the data and best practices required to face a world marked by increasing water scarcity and challenge.</p>
<p>Betsy Otto, Director of the World Resources Institute’s Aqueduct Project, explained, “We are excited to join Growing Blue in its efforts to increase awareness and generate new ideas around sound water management. Aqueduct, WRI’s platform for measuring and mapping water risks worldwide, is just one of the ways WRI is providing the best information on complex natural resources issues. We look forward to working with Growing Blue to help people and businesses identify and respond to the mounting water risks in today’s world.”</p>
<p>Brooke Barton, Ceres Water Program Director, said, “Our investor members want better information on how water risks are affecting the financial performance of corporations and water utilities. We're excited to partner with Growing Blue and its contributors to advance better analysis and public discussion on this critical topic."</p>
<p>The Growing Blue site offers a number of resources, including water management tools, interactive maps and case studies, all of which can be found at <a href="http://www.growingblue.com">www.growingblue.com</a>.  The site’s blog features a diverse group of innovative environmental thinkers.  To follow Growing Blue on Twitter, please visit <a href="http://www.twitter.com/growingblue">www.twitter.com/growingblue</a>.</p>
<p><b><span style="text-decoration: underline;"> About Ceres</span></b></p>
<p>Ceres is a nonprofit that mobilizes business and investor leadership on sustainability challenges such as water scarcity and climate change. It directs the Investor Network on Climate Risk (INCR), a network of more than 100 investors with collective assets totaling more than $11 trillion.</p>
<p>Ceres provides tools and resources to advance corporate water management including the Ceres Aqua Gauge, a roadmap that helps companies assess, improve and communicate their water risk management approach and that allows investors to evaluate how well companies are managing water-related risks and opportunities.</p>
<p>For more information, visit <a href="http://www.ceres.org">www.ceres.org</a><br /> <b><span style="text-decoration: underline;"></span></b></p>
<p><b><span style="text-decoration: underline;">About World Resources Institute</span></b></p>
<p>WRI focuses on the intersection of the environment and socio-economic development. We go beyond research to put ideas into action, working globally with governments, business, and civil society to build transformative solutions that protect the earth and improve people’s lives. For more information, visit <a href="http://www.wri.org.">http://www.wri.org.</a> <br /> <b><span style="text-decoration: underline;"></span></b></p>
<p><b><span style="text-decoration: underline;">About Growing Blue</span></b></p>
<p>Growing Blue was created to tell the important story of how water is as essential to economic and social growth as it is to ensuring healthy ecosystems and the environment.  In consultation with environmental industry colleagues, scientists, academia and environmental professionals at leading NGOs, Growing Blue is a repository for water-focused data that is used to generate interactive maps that better inform people on the current state of water and the impacts of daily life on dwindling water resources around the world. The web site is managed by representatives from the non-profit, academic and corporate sectors including Cardno ENTRIX, Ceres, The Earth Institute at Columbia University, GE Intelligent Platforms, Global Water Intelligence, IBM, International City Managers Association, The Nature Conservancy, United Nations Global Compact CEO Water Mandate, U.S. Water Alliance, Veolia Water, World Business Council for Sustainable Development, World Resources Institute, and Xylem. The site is available online at <a href="http://www.growingblue.com">www.growingblue.com</a>.</p>]]></content:encoded>
    <dc:publisher>No publisher</dc:publisher>
    <dc:creator>Megan Doherty</dc:creator>
    <dc:rights></dc:rights>
    
      <dc:subject>Exclude from Homepage</dc:subject>
    
    <dc:date>2013-05-29T17:59:56Z</dc:date>
    <dc:type>Press Release</dc:type>
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  <item rdf:about="http://www.ceres.org/press/press-releases/more-than-100-ski-areas-sign-climate-declaration-calling-for-u.s.-policy-action-on-climate-change">
    <title>More Than 100 Ski Areas Sign Climate Declaration, Calling for U.S. Policy Action on Climate Change</title>
    <link>http://www.ceres.org/press/press-releases/more-than-100-ski-areas-sign-climate-declaration-calling-for-u.s.-policy-action-on-climate-change</link>
    <description>Today, 108 ski areas from around the United States joined with 40 other businesses, Ceres and its BICEP in signing the Climate Declaration, which calls upon federal policymakers to seize the American economic opportunity of addressing climate change</description>
    <content:encoded xmlns:content="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><a class="external-link" href="../../bicep/climate-declaration/climate-declaration-ski-areas"><img src="http://www.ceres.org/bicep/climate-declaration/climate-declaration-ski-areas/image_large" alt="Climate Declaration (Ski Areas)" width="369" class="image-right" height="476" /></a>Today, 108 ski areas from around the United States joined with 40 other businesses, Ceres and its BICEP (Business for Innovative Climate and Energy Policy) in signing the <a href="http://www.climatedeclaration.us">Climate Declaration</a>, which calls upon federal policymakers to seize the American economic opportunity of addressing climate change.</p>
<p>These ski areas join iconic American businesses, including <b>General Motors Co., Nike and Levi Strauss &amp; Co.,</b> as well as founding signatory <b>Aspen Snowmass</b>, in asserting that a bold response to the climate challenge is “one of America’s greatest economic opportunities of the 21st century.” <a class="anchor-link" href="#List">A full list of ski industry signatories is available here</a>.</p>
<p>“It is obvious that the success of ski business operations depends greatly on climate, which is why we are so invested in programs that keep our slopes sustainable. But our actions alone won’t be enough without strong policies,” said <b>Brent Giles, Chief Sustainability Officer for Powdr Corp of Utah</b>, parent company to Park City Mountain Resort in Utah, Copper Mountain in Colorado and Killington Resort in Vermont. “We welcome legislative and regulatory initiatives that will reduce carbon emissions, incentivize renewable energy development and help improve our resiliency in the future.”</p>
<p>Ski areas in the U.S. employ approximately 160,000 people and generate approximately $12.2 billion in annual revenue. The National Ski Areas Association (NSAA) calculates that visitors to U.S. ski areas spent $5.8 billion at those resorts over the course of the 2011/2012 season. Preliminary figures from the 2012/2013 season show an 11 percent increase in visits year-over-year, to an estimated 56.6 million visits this season.</p>
<p>“The past ski season was a banner year for our guests and for our resort, but we can’t gamble on the weather in an uncertain climate. We have to take action,” said <b>Jerry Blann, President of Jackson Hole Mountain Resort in Wyoming</b>. “Resorts have made tremendous efforts to raise awareness on the issue of climate change and to adjust our operations to reduce carbon emissions and manage resources efficiently. We need Washington to take those strategies seriously through stronger policies.”</p>
<p>“Ski area environmental programs have come a long way in 20 years, particularly in terms of their level of sophistication, demonstrated results, and their concerted focus on addressing climate change,” says <b>Geraldine Link, NSAA Public Policy Director</b>. “Signing the Climate Declaration is the next logical step for our members to get solutions to scale.”</p>
<p>“We welcome the ski industry as allies in our work on climate and energy issues and as signatories of the Climate Declaration. This is an industry that cannot be off-shored, and they are calling for climate action here at home,” said <b>Anne Kelly, director of BICEP</b>. “Policymakers must realize that the old political paradigm of ‘It’s the environment or the economy; pick one’ is a false choice. American businesses are ready to combat climate change, and policymakers should join them in leading the way.”</p>
<p>Over the course of an ongoing campaign organized by Ceres and BICEP, other leading businesses, as well as individuals, are encouraged to sign the Declaration at <a href="http://www.climatedeclaration.us">www.climatedeclaration.us</a> and join the call to action.</p>
<p><b> </b></p>
<p><b>About Ceres</b></p>
<p><b>Ceres </b>is an advocate for sustainability leadership.  Ceres mobilizes a powerful coalition of investors, companies and public interest groups to accelerate and expand the adoption of sustainable business practices and solutions to build a healthy global economy. Ceres also directs the Investor Network on Climate Risk (INCR), a network of 100 institutional investors with collective assets totaling more than $11 trillion. For more information, visit <a href="../../">http://www.ceres.org</a></p>
<p><b>BICEP </b>(Business for Innovative Climate &amp; Energy Policy), a project of Ceres, is an advocacy coalition of businesses committed to working with policy makers to pass meaningful energy and climate legislation enabling a rapid transition to a low-carbon, 21st century economy – an economy that will create new jobs and stimulate economic growth while stabilizing our planet’s fragile climate. BICEP is a project of Ceres. For more information and a list of member companies visit: <a href="../../bicep">http://www.ceres.org/bicep</a></p>
<p> </p>
<p><b><a name="List"></a>Full List of Ski Areas Signing Climate Declaration:</b></p>
<p><b>ALASKA </b><br />Alyeska Resort</p>
<p><b>CALIFORNIA </b><br />Alpine Meadows<br />Bear Valley<br />Boreal Mountain Resort<br />Dodge Ridge<br />Granlibakken Ski Area<br />Homewood Mountain Resort<br />Kirkwood Mountain Resort<br />Mammoth<br />Mountain High<br />Mt. Shasta Ski Park<br />Northstar California<br />Royal Gorge<br />Sierra-at-Tahoe<br />Soda Springs Ski Area<br />Squaw Valley<br />Sugar Bowl</p>
<p><b>COLORADO </b><br />Arapahoe Basin<br />Aspen Highlands<br />Aspen Mountain<br />Beaver Creek<br />Breckenridge<br />Buttermilk<br />Copper<br />Crested Butte Mountain Resort<br />Durango Mountain Resort<br />Echo Mountain<br />Keystone<br />Loveland Ski Area<br />Monarch<br />Powderhorn<br />Silverton<br />Snowmass<br />Sol Vista at Granby Ranch<br />Steamboat Ski &amp; Resort<br />Telluride Ski &amp; Golf Resort<br />Vail Mountain<br />Winter Park</p>
<p><b>IDAHO </b><br />Lookout Pass <br />Schweitzer Mountain Resort <br />Tamarack Resort</p>
<p><b>ILLINOIS</b> <br />Chestnut Mountain Resort</p>
<p><b>INDIANA </b><br />Perfect North Slopes</p>
<p><b>MAINE </b><br />Camden Snow Bowl <br />Mt. Abram <br />Shawnee Peak Ski Area</p>
<p><b>MASSACHUSETTS </b><br />Catamount Ski Area <br />Jiminy Peak <br />Ski Butternut <br />Wachusett Mountain Ski Area</p>
<p><b>MICHIGAN </b><br />Crystal Mountain</p>
<p><b>MINNESOTA </b><br />Lutsen Mountains <br />Spirit Mountain <br />Welch Village</p>
<p><b>MONTANA </b><br />Bridger Bowl <br />Moonlight Basin</p>
<p><b>NEVADA </b><br />Heavenly Mountain Resort <br />Las Vegas Ski &amp; Snowboard Resort<br />Mt. Rose</p>
<p><b>NEW HAMPSHIRE</b> <br />Attitash <br />Cranmore Mountain Resort <br />Gunstock Mountain Resort <br />Loon Mountain <br />Mount Sunapee <br />Ragged Mountain Resort <br />Waterville Valley</p>
<p><b>NEW MEXICO</b> <br />Pajarito Mountain Ski Area<br />Ski Apache<br />Taos Ski Valley</p>
<p><b>NEW YORK </b><br />Bristol Mountain <br />Gore Mountain <br />Greek Peak Mountain Resort <br />Holiday Valley Resort<br />Holimont Ski Area<br />Hunter Mountain <br />Mt. Peter Ski Area <br />Whiteface <br />Windham Mountain</p>
<p><b>OREGON </b><br />Anthony Lakes <br />Cooper Spur Mountain Resort <br />Mt. Ashland Ski Area <br />Mt. Bachelor <br />Mt. Hood Meadows Ski Resort <br />Timberline Lodge &amp; Ski Area</p>
<p><b>PENNSYLVANIA </b><br />Camelback Mountain Resort <br />Elk Mountain<br />Liberty Mountain Resort<br />Roundtop Mountain Resort <br />Whitetail Resort</p>
<p><b>UTAH </b><br />Alta Ski Area <br />Canyons Resort <br />Deer Crest Private Trails <br />Deer Valley <br />Park City Mountain Resort</p>
<p><b>VERMONT </b><br />Bromley <br />Burke Mountain <br />Killington<br />Middlebury College Snow Bowl<br />Okemo Mountain Resort <br />Pico Mountain <br />Smugglers’ Notch Resort <br />Stowe <br />Stratton <br />Sugarbush</p>
<p><b>VIRGINIA</b> <br />The Homestead Ski Area <br />Massanutten Ski Resort <br />Wintergreen Resort</p>
<p><b>WEST VIRGINIA </b><br />Snowshoe</p>
<p><b>WASHINGTON </b><br />49 Degrees North Mountain Resort <br />Mission Ridge <br />Stevens Pass <br />Summit-at-Snoqualmie</p>
<p><b>WISCONSIN</b> <br />Cascade Mountain<br />Crystal Mountain<br />Granite Peak at Rib Mountain State Park</p>
<p><b>WYOMING </b><br />Grand Targhee Resort <br />Jackson Hole Mountain Resort</p>]]></content:encoded>
    <dc:publisher>No publisher</dc:publisher>
    <dc:creator>Megan Doherty</dc:creator>
    <dc:rights></dc:rights>
    <dc:date>2013-05-29T13:30:00Z</dc:date>
    <dc:type>Press Release</dc:type>
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