OUT for Sustainability
Natural Resource Use -- and Abuse
By Ariyah DeSouza
The most ongoing, obvious example of the disastrous reality of resource overconsumption is the BP/Deepwater Horizon oil spill off the
It was hoped that this year's Earth Day would be a turning point for advancing climate policy, energy efficiency, renewable energy and green jobs. An estimated one billion people in 190 countries took action on April 22 in the form of service projects, donations or socially responsible investing, political action and awareness building events.
But our unified commitment to more responsible consumption was nearly eclipsed by this man-made, preventable disaster. Fishermen haven't been able to support their families and have lost their livelihoods, perhaps permanently. The number of sick oil spill workers is on the rise while thousands of animals have been injured or killed by toxic muck.
All of this makes a large dent into our fledgling green
$990M - BP's first report of its clean up expenditures in June
$21B - Early estimate of what the five companies connected to the disaster (BP, Transocean, Anadarko Petroleum, Halliburton and Cameron International) lost in market capitalization
$75M - The
$3.5B to $12B - Estimate of total insured losses
$63B - BP’s stock has lost more than one-third of its value in the first six weeks post-disaster
Somehow, most of us aren't worried. The accident doesn't affect me, right? After all, the oil spill hasn't raised the price of crude oil. AAA estimates that 32 million Americans travelled over Memorial Day weekend, almost 5 percent more than last year, spending an average of $809 on gas.
Was that you?