Watch it all–14,000 students–just wonderful.

Gov. Nikki Haley said Thursday she will oppose efforts to reopen the Barnwell County low-level nuclear waste dump to the nation.

At a State House news conference, Haley said the landfill should remain closed to states other than South Carolina, Connecticut and New Jersey, which have exclusive rights to the site.

“We just want the Legislature to know we don’t want to go in that direction,” Haley said of efforts to open the landfill to other states.

“We don’t think that’s healthy,” Haley said. “We don”t sell our soul for jobs and money.”

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There is a looming problem in many parts of the world over what to do with dead bodies, as pressure on burial space intensifies.

The industrial revolution, in the 18th and 19th Centuries, saw a mass migration from small villages and towns to cities.

Previously, most people had lived in rural locations and would be buried in the local church’s graveyard.

But with a growing urban population, the authorities in Victorian Britain built large cemeteries, often on the outskirts of cities.

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Mr. Cleary’s bill would put the cap at $1,400 and would have all of the sales taxes collected for motor vehicles applied to road and bridge improvements. The bill also seeks additional funding by closing other tax exemptions. And it would make long-term cost cuts possible by turning over local roads under state control to local jurisdictions, with funding assistance for their maintenance. Of the 41,000 miles of state roads, almost 45 percent are a mile or less in length.

Mr. Cleary estimates that his plan would raise $800 million a year, all of which would be directed to the specific purpose of improving the state road system. Indeed, the gas tax should be viewed as a user fee, by which motorists pay for the wear and tear on the state’s highways and bridges. It is evident that the gas tax hasn’t kept pace with the need, and that additional sources of revenue will have to be tapped.

Funding for a safe transportation system is a primary responsibility of the Legislature, and the evidence clearly available to the motoring public shows just how badly the Legislature has fallen down on the job. Lawmakers should take a simple, direct approach that will begin to address the specific problem of road needs, without getting sidetracked on issues of tax neutrality and agency restructuring. Keeping highways and bridges functional and safe shouldn’t be such a difficult problem for the Legislature to address.

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[Not long ago]…sixteen bishops from the Anglican Communion Environmental Network are meeting in Cape Town to exchange ideas and concerns about the impact of climate change. We have done some of the preparatory work by Skype, and we all recognize the impact of air travel, but we also know that there is no substitute to our meeting in person, face to face.

The scientific collective that is the UN’s Intergovernmental Panel on Climate Change’s assessment is 95 per cent certain that human activity is the main cause of current climate change. The burning of fossil fuels is the biggest source of the problem: as CO2 increases, so does temperature. Although the increase has flattened, this century has begun with fourteen of the fifteen hottest years on record. The warming of the oceans has caused average humidity to increase by 4 per cent in fifty years, with greater floods and storms in consequence.

At Davos a few weeks ago, Al Gore was asked not only, “Do we have to change our current course?” but also, “if we do, can we?” He was hopeful about our capacity to change at the speed that is needed, pointing out that we are making better progress towards renewable energy than was thought possible: ten times better with wind power than was predicted fourteen years ago; seventeen times better with solar energy. Germany is the European leader, producing 35 per cent renewable energy.

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Republican Gov. Nikki Haley has been meeting with some GOP House members ”” as recently as Tuesday at the Governor’s Mansion ”” in an effort to merge two competing road repair proposals.

Haley’s plan to fix S.C. roads and a proposal by state representatives had appeared to be on course for a head-on crash. But the two bills soon may become one vehicle, aimed at repairing and maintaining the state’s roads.

In meetings with House GOP caucus members, Haley has indicated a willingness to compromise on gas tax hikes, the size of a cut in the state’s income tax and how to restructure the state Transportation Department.

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Americans are taking the money they are saving at the gas pump and socking it away, a sign of consumers’ persistent caution even when presented with an unexpected windfall.

This newfound commitment to frugality was illustrated this past week when the nation’s biggest payment-card companies said they aren’t seeing evidence consumers are putting their gasoline savings toward discretionary items like travel, home renovations and electronics.

Instead, people are more often putting the money aside for a rainy day or using it to pay down debt. That more Americans are saving their bounty at the pump comes as a surprise, because the personal savings rate, after rising during and after the recession, has declined steadily over the past two years.

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The petroleum industry celebrated the proposal, while complaining that it didn’t go far enough. Environmental groups warned of disaster.

“This represents a significant shift in federal policy and, in my view, a threat to the environment, the economy and the lifestyle of living in the Lowcountry of South Carolina,” said Chris DeScherer, a Charleston-based senior attorney for the Southern Environmental Law Center. “It’s not just the coastal waters, wetlands, and wildlife that depend on them, but the businesses and the tourism industry.”

Erik Milito, director of Upstream and Industry Operations for the American Petroleum Institute, said offshore oil and gas exploration and drilling is much safer today than just five years ago.

“We are now in a new age,” Milito said in a conference call with reporters. “We’ve decreased the risk dramatically.”

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Leonardo Maugeri, an associate professor at Harvard University’s Belfer Center for Science and International Affairs and who predicted the current collapse in prices back in 2012, estimates world oil production capacity is about 101 million barrels a day. That’s nearly 10% more than expected demand next year.

Mr. Maugeri says U.S. shale and tight oil production is more resilient than many expected because of lower break-even costs and higher productivity levels. Service fees are also falling at the same time, as hedging still offers a cushion to shale producers until mid-2015, he said.

That resilience may force Saudi Arabia to keep up its price war well into the year before the strategy wrings out some of the oversupply.

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The Environment Agency’s pension fund has urged BP and Royal Dutch Shell to invest in renewable energy and do more to tackle climate change.

The government-backed agency’s £2.5bn fund has teamed up with more than 150 other investors, including the Church of England and several large local authority pension funds. They have filed shareholder resolutions urging both oil companies to take more action on global warming.

“It was an easy decision,” said John Varley, chairman of the Environment Agency pensions committee. “We believe that it is vital to manage climate risk within investments and that all shareholders have access to clear information to assess how these companies are managing risk and protecting shareholder value.”

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The world’s churches have become an arena for the debate over whether it is better to tackle global warming by divesting from fossil fuel companies or by holding shares and engaging with energy groups to spur more climate-friendly business models.

The World Council of Churches, which represents around 560m Christians in 140 countries, has adopted a divestment strategy for its SFr16.7m investment portfolio. Its finance policy committee decided in July that fossil fuels should be added to the list of sectors in which the council would not invest.

“The use of fossil fuels must be significantly reduced and by not investing in those companies we want to show a direction we need to follow as a human family to address climate changes properly,” said Rev Dr Olav Fykse Tveit, WCC general secretary.

But the Church of England, which has an investment portfolio worth around £9bn, has opted for engagement. It announced last month it would use its stakes in Royal Dutch Shell and BP to urge the companies to cut their carbon emissions and invest more in renewables.

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When many religious orders were founded centuries ago during the Middle Ages, agriculture was more than a way of life; it was a way of survival. Monasteries were self-sustaining, growing the food they ate. While farming has become less common as society has urbanized, Schortemeyer says the abbey’s farm is more than just a quaint business. Other sisters have questioned the ranch’s value, but Schortemeyer says it keeps the sisters connected to the outside world.

“When our neighbors are suffering from drought or suffering from flooding, we can totally relate to them. We’re not above and beyond. … It’s good to be at the mercy of the environment, and so that other people know we don’t live some ethereal life,” she says.

Benedictine monasteries, with orders like the Trappists and Cistercians, use the motto Ora et Labora, meaning prayer and work. That motto doesn’t represent separate ideas to the sisters. All day long, prayer and work are intertwined.

“Praying with the scriptures is like chewing your cud,” Schortemeyer says. “So all through the day, we’re ruminating on it. We chew, chew, chew, swallow, regurgitate. So it’s not just ‘the Lord is my shepherd,’ it’s ‘the Lord is my cowboy.’ ”

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Russia is in the middle of a currency crisis. On December 15th its currency lost 10% of its value, having already lost about 40% this year. The central bank increased interest rates sharply, but instead of calming the market the hike was seen as a sign of desperation. The following day the rouble was at one point down a further 20% (and ended the day 10% lower). The central bank reckons that GDP could fall by 5% in 2015. Inflation is currently at 10% but is expected to accelerate rapidly. Russians are panic-buying; banks are running out of dollars. What’s gone wrong with Russia’s economy?

The problems were long in the making. Russia is highly dependent on oil revenues (hydrocarbons contribute over half the federal budget and two-thirds of exports) and over the past decade it has failed to diversify its economy. It is horribly corrupt, has weak institutions and no real property rights. The Kremlin distributes oil money via state banks to firms and projects which it selects on the basis of their political importance and their pro-Putin stance, rather than trusting the market to allocate capital to the most efficient firms. If you look at wealth, Russia is the world’s second-most unequal country. Its working-age population is shrinking fast.

Western sanctions imposed in response to Russia’s meddling in Ukraine have dealt a blow to the economy. But the proximate cause of the turmoil of the last few days is concern about Russia’s corporate sector. During 2015 Russia’s firms must repay $100 billion-worth of foreign debt. But as the rouble falls, paying back dollars becomes more difficult.

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Russia has lost control of its economy and may be forced to impose Soviet-style exchange controls after “shock and awe” action by the central bank failed to stem the collapse of the rouble.

“The situation is critical,” said the central bank’s vice-chairman, Sergei Shvetsov. “What is happening is a nightmare that we could not even have imagined a year ago….”

Lars Christensen, from Danske Bank, said the Kremlin’s actions have led to the “absolutely worst possible outcome” since the botched move is enough to do grave damage, without solving anything. “They should have let the currency go rather than killing the economy. Investment is in freefall, and I fear this shock is going to be even bigger than in 2008-2009. Nothing suggests that oil is going to rebound quickly this time,” he said.

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The findings suggest the supply glut that has sent prices tumbling could soon vanish as the oil majors delay big-ticket production projects ”” the lifeblood of future petrol supplies, heating fuels and chemicals.

Brent, the international benchmark, has fallen more than 45 per cent since mid-June amid surging US shale production, strong supply from the Opec cartel and weak oil demand in Europe and Asia.

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In the high-stakes contest between the United States, the biggest shale oil producer, and Saudi Arabia, the biggest oil exporter, America has blinked first.

The OPEC refusal to cut production at its November meeting was widely seen as the declaration of a price war against booming U.S. shale oil producers, which had sent their country’s oil production soaring. Saudis had watched as their market share dropped precipitously in the world’s biggest oil-consuming nation, and they wanted to send a clear message across the global energy market that they weren’t about to back off.

Oil prices have been in freefall ever since. Brent crude, the global oil benchmark, sank another 3 per cent Friday to $61.85 (U.S.) a barrel, while West Texas intermediate, the U.S. benchmark, dropped 3.6 per cent to $57.81, extending its slide from well over $100 a barrel in the summer.

If the global oil standoff pits the industry stalwart Saudi Arabia against the surging U.S. rival, other global players are coping with the pricing fallout, including Canada. Oil companies around the world are being forced to revisit their spending and production plans for 2015, and in the offices towers of downtown Calgary, those changes are already well under way.

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By October, it was becoming clear to us and others that Saudi Arabia and its Gulf Emirate allies could not afford to continue petro-pricing business as usual with sectarian wars exploding out of control, threatening the entire region.

In particular, they were infuriated that the Shia regime in Syria was being propped up by Iran and Russia. Moreover, Iran seemed to be getting closer to becoming a nuclear power with each month. Amid the chaos, the Islamic State terrorists had suddenly become a formidable challenge to the entire region, and they were getting increasing revenues from oil properties they had seized.

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Students and professors at Clemson University have designed a home where they say a family of four can live comfortably in the South using local materials and having almost no impact on the environment.

The home is called Indigo Pine, taking its name from two things South Carolina has in abundance: pine trees and the blue dye from the indigo plant.

More than 100 students and professors are helping design and build the home that the university will enter as part of the U.S. Department of Energy’s Solar Decathlon 2015. Sixteen other schools also are participating.

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The danger of stimulus-induced bubbles is starting to play out in the market for energy-company debt.

Since early 2010, energy producers have raised $550 billion of new bonds and loans as the Federal Reserve held borrowing costs near zero, according to Deutsche Bank AG. With oil prices plunging, investors are questioning the ability of some issuers to meet their debt obligations. Research firm CreditSights Inc. predicts the default rate for energy junk bonds will double to eight percent next year.

“Anything that becomes a mania — it ends badly,” said Tim Gramatovich, who helps manage more than $800 million as chief investment officer of Santa Barbara, California-based Peritus Asset Management. “And this is a mania.”

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Falling oil prices are putting a cloud over the one thing Mexico’s struggling government had been clinging to in its attempts to invigorate a sluggish economy ”” its historic energy reform.

The government had been planning to auction 169 oil and gas blocks next year. It was to be one of the most ambitious bid rounds the industry had seen in a country whose sector has been closed to private investment for nearly 80 years, and where production is at its lowest level in two decades.

But the oil price fall has sobered what one executive called the “frothy, crazy bidding environment” Mexico had been expecting, unsettling a government reliant on oil revenue for a third of its budget. Officials are hastily striking off shale and other fields that might now look unappealing to bidders. Long-awaited initial tender terms are likely to be published on Wednesday.

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If the bioethicist Laurie Zoloth, the president of the American Academy of Religion, has her way, she’ll be remembered as the woman who canceled her organization’s conference, which every year attracts a city’s worth of religion scholars.

Two weeks ago, at her organization’s gathering, which is held jointly with the Society for Biblical Literature and this year drew 9,900 scholars, Dr. Zoloth used her presidential address to call on her colleagues to plan a sabbatical year, a year in which they would cancel their conference. In her vision, they would all refrain from flying across the country, saving money and carbon. It could be a year, Dr. Zoloth argued, in which they would sacrifice each other’s company for the sake of the environment, and instead would turn toward their neighborhoods and hometowns.

“We could create an A.A.R. Sabbatical Year,” she told the crowd in a ballroom at the San Diego Convention Center. “We could choose to not meet at a huge annual meeting in which we take over a city. Every year, each participant going to the meeting uses a quantum of carbon that is more than considerable. Air travel, staying in hotels, all of this creates a way of living on the earth that is carbon intensive. It could be otherwise.”

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Evangelicals are teaming up with environmentalists to support the Obama administration’s Clean Power Plan to substantially reduce carbon dioxide emissions from coal-burning power plants.

The Rev. Mitchell Hescox, president and CEO of the Evangelical Environmental Network, submitted comments from more than 100,000 “pro-life Christians” who he said are concerned about children’s health problems that are linked to unclean air and water.

“From acid rain to mercury to carbon, the coal utility industry has never acted as a good neighbor and cleaned up their mess on their own,” Hescox told reporters on Monday (Dec. 1). “Instead of acting for the benefit of our children’s lives, they’ve internalized their profits while our kids (have) borne the cost in their brains, lungs and lives.”

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Although Saudi Arabia and several of the Gulf states are also major oil exporters, they differ from other producers in two important ways. First, their cost of extracting oil is extremely low, which means that they will be able to produce profitably at the current price ”“ or even at a much lower price. Second, their enormous financial reserves allow them to finance their domestic and international activities for an extended period of time, as they seek to transform their economies to reduce their dependence on oil revenue.

A further decline in the price of oil could have major geopolitical repercussions. A price of $60 a barrel would create severe problems for Russia in particular. President Vladimir Putin would no longer be able to maintain the transfer programs that currently sustain his popular support. There would be similar consequences in Iran and Venezuela.

It is not clear whether these countries’ current regimes could survive a substantial and sustained future decline in oil prices. By contrast, it is obvious that oil-importing countries would benefit greatly ”“ as they already are.

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Sen. Mary Landrieu’s bid to pass a Keystone XL pipeline bill fell short by the slimmest of margins Tuesday, leaving the $8 billion pipeline still on the table for the ascendant Republican Party to push the project to President Barack Obama’s desk in January.

The 59-41 Senate vote was just shy of the 60 votes needed to pass the bill, following a dramatic six days of whipping by the embattled Louisiana Democrat on an issue that almost all of Washington had expected to sit idle until next year.

The defeat deals a blow to Landrieu’s campaign ahead of her Dec. 6 runoff against GOP Rep. Bill Cassidy, whom polls show running comfortably ahead. Winning on Keystone would have helped her demonstrate her clout on the Hill as a champion of her state’s influential oil and gas industry.

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“The upcoming OPEC meeting is going to be the most difficult one during this century,” said Mohammad al-Sabban, a former senior adviser to Mr. Naimi. “It seems that OPEC has forgotten how to cooperate.”

Within the group, officials are increasingly worried its divisions contribute to weaker prices. “If OPEC fails to reach an agreement,” one OPEC official said, “oil prices will keep on falling….”

A collective move to cut output could boost prices, but it would also rob OPEC members of revenue. It is unclear how long such vulnerable OPEC economies as Venezuela and Nigeria could afford to limit production without reopening the spigots.

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Perched on a hill overlooking the countryside, a little historic church is going green in a unique way.

The cemetery at St. James Anglican Church is poised to offer green burials in the community thanks to the efforts of parishioner Gerald Beavan, 78. Mr. Beavan, who came to Canada from England in 1974, said his grandparents were buried in simple pine boxes without all the additions of modern funerals. He wants to offer that simple, environmentally friendly type of burial to a community he has called home since 1978. He came up with the idea to create a place in the church’s cemetery for green burials about five years ago, he said.

“The idea is you go back to the old way of burial,” said Mr. Beavan.

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…this is a classic case of predatory pricing: set your price low enough long enough to do real damage to competitors, and reduce their market share, not just immediately, but in the middle to long term.

Now admittedly some pet targets may not be hurt as badly as hoped. Russia will suffer more of an opportunity loss than an actual cost from the price reduction, since the ruble has fallen significantly against the dollar. The Saudis may hope to partially displace Russia as a supplier of oil to Europe (now roughly 1/3 of the total) but refineries would need to be retooled to refine the Saudi’s light crude, so it isn’t clear whether even what amounts to bargain prices will offset this cost (and readers point out that Russian crude may also produced a better mix of distillates for European use, since they are much heavier users of diesel fuel than the US).

But aside from the not-inconsiderable economic impact, the surprise Saudi step looks to be an even bigger geopolitical winner. The US and Riyadh have been at odds for over a year; the Saudis were particularly unhappy over the US failure to try to topple Assad last summer (you may recall the intensity of the Administration warmongering versus the dubious US interest; even Congress showed an unexpected amount of backbone and made its lack of support for Syrian adventurism clear). The Saudis have also long been less than happy with the US refusal to attack Iran (which is a rare case of the US acting as a responsible hegemon and curbing a putative ally with a bad case of blood lust). That unhappiness has ben compounded by the US now effectively helping the Assad regime and working in as distanced a manner as possible with Iran in targeting ISIS.

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I happened to come across these this week, and I haven’t seen them since 1990 when we first caught them on boxing Day in England (really). French with english subtitles, beautifully filmed, and, perhaps most notably, full of Christian themes–KSH.

Most high, all powerful, all good Lord!
All praise is Yours, all glory, all honor, and all blessing.

To You, alone, Most High, do they belong.
No mortal lips are worthy to pronounce Your name.

Be praised, my Lord, through all Your creatures,
especially through my lord Brother Sun,
who brings the day; and You give light through him.
And he is beautiful and radiant in all his splendor!
Of You, Most High, he bears the likeness.

Be praised, my Lord, through Sister Moon and the stars;
in the heavens You have made them bright, precious and beautiful.
Be praised, my Lord, through Brothers Wind and Air,
and clouds and storms, and all the weather,
through which You give Your creatures sustenance.

Be praised, my Lord, through Sister Water;
she is very useful, and humble, and precious, and pure.

Be praised, my Lord, through Brother Fire,
through whom You brighten the night.
He is beautiful and cheerful, and powerful and strong.

Be praised, my Lord, through our sister Mother Earth,
who feeds us and rules us,
and produces various fruits with colored flowers and herbs.

Be praised, my Lord, through those who forgive for love of You;
through those who endure sickness and trial.

Happy those who endure in peace,
for by You, Most High, they will be crowned.

Be praised, my Lord, through our sister Bodily Death,
from whose embrace no living person can escape.
Woe to those who die in mortal sin!
Happy those she finds doing Your most holy will.
The second death can do no harm to them.

Praise and bless my Lord, and give thanks,
and serve Him with great humility.

–Found among many places here in Wisdom from Franciscan Italy: The Primacy of Love (John Hunt Publishing, 2011 Obooks version) by David Torkington

The Church of England is one of 12 global institutional investors backing a new project to study how climate change will impact the investment landscape.

The Church’s Ethical Investment Advisory Group and the three national investing bodies are supporting the project as part of a group concerned about climate change and its investment implications.

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