Cleantech Podcast - How much will you buying an electric vehicle save the planet if the 100 top polluters continue their path?

Cleantech Podcast - How much will you buying an electric vehicle save the planet if the 100 top polluters continue their path?

Episode Transcript

(00:00):
Thanks for joining me today Investor Ideasdot com, cleantech and climate change podcast
looking at today's problems and solutions forthe future. I'm your host On van
Zandt, founder of investor Ideas dotcom and hoping to share our way of
making a difference in climate change.Good morning, and welcome to today's podcast.
Today, I would like to startthe conversation about climate change initiatives versus

(00:21):
the real critical issues of water,land and air pollution. As global governments
push consumers to go down the electricvehicle path, what are they doing to
protect us from the major polluters ofthe air we breathe, our oceans,
and the soil we grow our foodon. These corporations have the option of
buying carbon credits, going to courtand paying fines, not paying fines,

(00:43):
or lobbying governments to continue their dirtypath. Consumers are trying their best,
from recycling to buying electric vehicles,using less water, growing their own food.
But we will barely put a dentin the problem if the governments in
big corporations don't address the real pollutionshoes. So let's look at some of
the top one hundred polluters out thereand what they are doing this. Data

(01:07):
from Political Economy Research Institute for theTop one hundred Air Polluters Index, a
twenty twenty two report based on twentytwenty data shows Warren Buffett's Berkshire Hathaway as
one of the top ten air polluters. The world considers him one of the
best and most respected investors, andyet this is his contribution to the planet
that we live on. Looking atthe top ten from their list, number

(01:33):
one is Liondale based Industry is Numbertwo is BAA Seth, Number three is
Beckton Dickinson. Number four is Satskifter, Number five is Huntsman Corp. Number
six is Dow Inc. Number sevenis Cannabis International, number eight is Selonese,
number nine is Berkshire Hathaway and numberten is nov Inc. So looking

(01:59):
at the top one hundred Water PollutersIndex from the Political Economy Research Institute from
that same data the same year,Northrop Grumman is the top culprit And how
did we deal with this? TheUS government rewards them with billions of dollars
in contracts. According to an articlefrom the Global Times, the US used

(02:20):
to have dozens of defense contractors beforethe post Cold War merger boom. But
nowadays there are only five giants thatjointly dominate the US huge arms industry Boeing,
General Dynamics, Lockheed Martin, NorthropGrumman and Raytheon. The Big five
alone routinely split more than one hundredand fifty billion in Pentagon contracts, or

(02:42):
nearly twenty percent of the total Pentagonbudget, said the article published in May.
King At the top ten in thelist again, Northrop Grumman is number
one, Liondale based Industry is numbertwo, Next, Era Energy is number
three, Dow Inc. Is numberfour, five is Cargill, six is

(03:04):
Selinese, seven is Clayton Dublier andRice, eight is Huntsman Corp. Nine
is Cannabis International, and ten isDuke Energy. So looking from the consumer
side, when it comes to theactual benefits and impacts of buying an electric
vehicle, there are very different resultsout there based on which study you read.
According to carbonbrief dot Org, arecent or working paper from the group

(03:30):
of German researchers at the think tankInstitute from Economic Research found that electric vehicles
will barely help cut CO two emissionsin Germany over the coming years. It
suggests that in Germany, the cotwo, emissions of battery electric vehicles are
in fact, best case, slightlyhigher than those of a diesel engine.

(03:52):
This study was picked up in internationalmedia from the Wall Street Journal running an
editorial and also picked up in anautoblog, individual research and other reports.
Other recent studies of electric cars inGermany have reached the opposite conclusion. One
study found that emissions from evs orup to forty three percent lower than diesel

(04:15):
vehicles, and another detail than inall cases examined, electric vehicles have lower
lifetime climate impacts than those of internalcombustion engines. These differences arise from the
assumptions used by researchers, and,as Professor Jeremy Michael, director of the
Vehicle Electrification Group tells Carbon Brief,which technology comes out on top depends on

(04:39):
a lot of things. These includewhich specific specific vehicles are being compared,
what electricity grid mix is assumed,if marginal or average electrical issue emissions are
used, what driving patterns are assumed, and even the weather. And talking
about the weather, we saw thatcoal weather effects on electric vehicles last year

(05:00):
in Texas. Bloomberg reported today thatthe Texas Grid Operator is seeking to secure
an extra three thousand megawats of powerreserves this winter to avoid an unacceptable risk
of emergency in extreme conditions. TheElectric Reliability Council of Texas estimates that there
is an almost twenty percent probability thatthe state grid, if manages, will

(05:25):
enter into an Energy Emergency Alert oran EEA if there is a repeat of
last year's December storms. Urcott saidin a notice Monday, procuring three thousand
megawats will cut that probability to lessthan ten percent. So the next time
you recycle or wait a year ormore for your electric vehicle to show up,

(05:46):
that may never show up and youmay not have the power grid to
support it. Reach out to yourmembers of government and tell them to stop
rewarding or ignoring or ignoring story thepollution that we're facing from big corporations and
hold them as accountable as they aretrying to make you. Thanks. That's
it for today. That's it fortoday. Do something great for this beautiful

(06:08):
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(07:38):
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