Mine wastewater is nasty stuff – so much so that this week, a mining company was criminally charged for dumping it into water. While XS Platinum is being indicted, other mining companies around the world routinely dump toxic mine wastewater into rivers, lakes and oceans.
The Environmental Protection Agency (EPA) issued last week a new rule intended to clarify the oil and gas emissions data drilling companies submit to EPA’s greenhouse gas reporting program (GHGRP). The new regulation takes effect at the beginning of next year and reflects a better picture of the methane pollution from oil and gas production. Methane, the primary component of natural gas, is an enormously potent greenhouse gas polluter. Scientists now estimate that methane traps 86 times more heat over a twenty-year period than the same amount of carbon dioxide. These improved new reporting requirements place more emphasis on emissions beyond the wellhead. As a result, gas industry leaks from all aspects of the production, transmission, and distribution get reported to GHGRP.
One avenue to encourage a more rapid transition from dirty fossil fuels to a clean energy economy is through socially responsible investment, or in this case, disinvestment. If we want fossil fuels to stop dominating the global economy and our political decision makers, then we need to stop buying into them.
So it was great news back in September that the Rockefeller Brothers Fund announced they would divest from fossil fuels.