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It costs about $1 to transport an oil barrel 1000 miles. 35 billion oil barrels are transported each year. So transporting that olivine rock will cost an orde
by petra 7y ago
It costs about $1 to transport an oil barrel 1000 miles.
35 billion oil barrels are transported each year.
So transporting that olivine rock will cost an order of $250B.
This will compensate for the yearly co2 emissions , ~38B tons.
With carbon offsets priced at $15-$40 per ton - so there's potential for profitability .
- ttul 7y agoIn Canada, the national carbon price will go to $50 by 2022. So it will very shortly be profitable in Canada.
- tempestn 7y agoThat's assuming we don't have a Conservative government later this year.
- ttul 7y agoPolls are trending Liberal.. stand by. It’s a long summer ahead and the Conservatives are short on real answers.
- typon 7y agoAssuming Trudeau doesn't have another gaff or corruption scandal.. But I'm not holding out hope. Although NDP looks weak as hell too... I'm depressed for the future of this country.
- cardamomo 7y agoProfitability? Put that idea away for a moment. We need to look at this through other lenses as well. Our very lives on Earth depend on our ability to remove greenhouse gasses from the atmosphere. In that light, profitability is a rather weak criterion by which to judge projects like this.
- petra 7y agoThere are more important values than profit. But in reality, profit makes things happen. So it's good to know about it.
- cardamomo 7y agoIt's good to know about it, for sure. But, at the end of the day, profit makes profit-driven things happen. It's important to know about and advocate for more important values than profit.
- daveFNbuck 7y agoOne way of advocating for more important values than profit is by putting a price on them. That's why it can be profitable to offset carbon emissions.
- rayiner 7y agoProfit is not a “value.” It’s a way of measuring costs versus benefits independent of value system. What measuring profit does, which many people hate, is reveal what people actually value. It’s hard to manipulate which leads many to call to “put it aside.”
- petra 7y ago>> What measuring profit does, which many people hate, is reveal what people actually value. IDK. there are non-profits helping women and children who suffered domestic violence, and some of those activities are state supported. People don't really donate and cover those expenses out of their free will. Still, helping those women and children is objectively a very valuable thing. So maybe, people shouldn't be the only ones determining what's valuable ? And hence, maybe profit shouldn't be the only thing determining what's valuable ?
- imtringued 7y agoEven if this is a viable solution to the climate change problem, an individual country isn't going to foot the bill for the entire world, especially not when we are talking about a recurring expense on the order of hundred billions of dollars every single year.
- elif 7y agoTransporting? Wouldn't most volcanic rock already be on islands?
- elil17 7y agoBut olivine is a rock and oil is a liquid. That cost is so low because of pipelines, but you can’t build pipelines for solid things.
- Aloha 7y agoYou can actually, they pump coal thru pipelines.