With fracking about to recommence in the UK after 8 years, social entrepreneur and writer Jeremy Leggett reviews the short but troubled history of fracking in the U.S. In a devastating slide presentation, he pictures the shale gas industry as a dirty, multi-hundred-billion-dollar doomed-to-burst debt bubble. And he predicts a similar fiasco in the UK. Courtesy Future Today.Â
Jeremy Leggett is an award-winning social entrepreneur and writer. He is, among many other things, founder and board director of Solarcentury, an international solar solutions company, and founder and chair of SolarAid, a charity funded with 5% of Solarcentury’s annual profits that builds solar lighting markets in Africa . He is former chair of Carbon Tracker, a climate-and-finance think tank analysing climate risk in the capital markets.
He has written five books, most recently The Winning of The Carbon War. He continues to chronicle the energy transition, and its intersection with tech, on his website Future Today, and in a column in Impact4All magazine. His other books are The Carbon War (2000), an eye-witness account of the climate negotiations in the 1990s; Half Gone (2005), an account of the interaction between oil depletion and climate change; The Solar Century (2009), a vision of the solar revolution; and The Energy of Nations (2013).Â
priffe says
It is quite simple. Germany is locking itself into a future of both coal and gas. Some of us now thinking even Poland will abandon coal before the Germans.
Sun and wind have not the capacity to reliably supply us with a growing need for electricity in the next decades. Which clear minds have realized. Even James Hansen https://www.youtube.com/watch?v=v1f4BKsFrCA
Meanwhile the Chinese started up two new nuclear reactors within days, which received no interest from the media, in spite that these have the potential of replacing all fossil for generating electricity.https://www.reuters.com/article/china-nuclear-ap1000/china-loads-fuel-at-worlds-first-ap1000-nuclear-reactor-idUSL3N1S503S
Says something about the media and the mindset.