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Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. But I can't by law give you advice, and I do make mistakes. Remember: the unexpected sometimes happens. Oddly enough, the expected does too, but all too often it takes longer than you thought it would, or on the other hand happens more quickly than you expected. The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.

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Sunday, July 23, 2017

Filthy

The site of the Kingston Fossil Plant coal ash spill three years after the disaster. (Source)


Coal isn't just the worst fossil fuel in terms of carbon emissions, it also dumps nitrogen oxides,  sulphur oxides, mercury, fly ash and other particulates into the atmosphere.   Air pollution kills 3 million people a year.   An Airbus A380 carries between 500 and 600 people.  So the equivalent of 15 A380s crashing every single day are killed by air pollution.  Why isn't there an outcry?

What I hadn't thought about until I read this article (Every coal waste dump site is a disaster waiting to happen) is that even after the coal is burnt, we then have to dispose of the residue--the ash.  And that is toxic and environmentally disastrous too.

Truly, the sooner we can dispense with coal the better.

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