by Roger Blanchard in Resilience.org…The fact that U.S. oil production reached a very high level in 2023 and that so much of the production came from Texas made me think of the first major Texas oil bonanza
A big solar company may be collapsing
by Alana Semuels in Time….One of the largest residential solar installers in the U.S. appears to be on the cusp of failing, the latest sign of the troubled industry’s struggles.
Is there a future in the doomsday economy?
by Alexander Nazaryan in The New York Times….With Fortitude Ranch, the entrepreneur Drew Miller is betting on franchised timeshares for people who are worried about the end of the world.
The status of U.S. oil production: 2024 update everything shines by dimming
by Roger Blanchard in Resilience.org…To maximize profitability of deep water fields, the industry cranks up production rapidly to a high production level, say 100,000 b/d or more, but peak production is reached within a year or two and generally followed by rapid decline.
Shrink the economy, save the world?
by Jennifer Szalai in The New York Times….Economic growth has been ecologically costly — and so a movement in favor of ‘degrowth’ is growing.
New world order?
by Kate Mackenzie and Tim Sahay in Phenomenal World….At The Polycrisis we have been tracking the whipsaw of the global financial system amid private finance mantras, interest-rate hikes at the Fed, and the explosion of debt in the global South.
More in this category
The world at a turning point. Will philanthropy rise to the task of the moment? by Briggs Bomba in Alliance Magazine
In a recent statement, the IMF announced that one-third of the world economy is expected to be in recession in 2023, further adding that ‘it would feel like recession for hundreds of millions of people’, even for countries not in recession.
Global risks report 2023
Some of the risks described in this year’s report are close to a tipping point. This is the moment to act collectively, decisively and with a long-term lens to shape a pathway to a more positive, inclusive and stable world.
Davos worries about a ‘polycrisis’
Global crises are weighing on the World Economic Forum.Credit…Laurent Gillieron/EPA,
How the world bank can help save the planet
Big banks want multilateral development institutions to act like insurers, reducing the risk for private investors to finance climate-friendly projects
World economic forum warns of looming ‘polycrisis’
Covid-19 and the war in Ukraine have ushered in skyrocketing inflation and a low-growth, low-investment era, but a focus on the present could obscure the risks of longer-term threats.
Hurricanes and floods bring $120bn in insurance losses in 2022
Hurricane Ian in Florida caused a big chunk of the financial losses while floods in Pakistan, Nigeria and South Africa killed the most people
I predicted the 2008 crash – these are the global ‘megathreats’ I can see now
Life as we know it is under threat, as short-term-thinking politicians ignore the signs that point to a dystopian future
The world’s in a ‘polycrisis’ — and these countries want to quash it by looking beyond GDP
A coalition, led predominantly by women, aims to transform economies around the world to deliver shared well-being for people and the planet by 2040.
Can banks stop climate change?
Michael Northrop writes on economics and the environment–critical pieces of polycrisis work.
Wealth as territory of transition
In the US alone, about $35 trillion to $70 trillion in wealth will transfer from one generation to another in the next twenty years. Most of this wealth will move between family members in the wealthiest 0.1%. Pundits, economists, financial advisors and others are calling this the “largest generation wealth transfer in history.”
A new effort aims to catalyze big picture thinking by philanthropy about global stressors
These are some of the top stressors on the planet and the human race—and while each is well-recognized, what’s nowhere near as well understood is the manner in which they’re connected and interdependent.
The case for philanthropy to step up with an intersectional approach
Currently, as India is emerging from the pandemic, we are at a critical inflection point, where philanthropy has an opportunity to become strategic by applying the approach of intersectionality.
The age of energy disruptions
In this Omega Collaborative webinar, Joan Diamond & Nate Hagens speak with François-Xavier Chevallerau about his newly released paper, The Age of Energy Disruptions.
Two questions philanthropy must ask in this urgent moment
This is a moment to dig deeper, and look at what it takes to address the problems that sneak up on you so slowly that you don’t see them until it is too late.
Reimagining philanthropy in the age of the virus: Reflections for the Omega Advisory Board
By Omega advisors Katherine Fulton & Mark Valentine This essay was completed on April 20, 2020, to coincide with the first meeting of the advisory board of Omega: The Resilience Funders Network. While Omega’s efforts had been underway for some time, the context...