Arquivo da tag: Água subterrânea

The nation’s first commercial carbon sequestration plant is in Illinois. It leaks. (Grist)

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grist.org

Juanpablo Ramirez-Franco

Oct 21, 2024

This coverage is made possible through a partnership between Grist and WBEZ, a public radio station serving the Chicago metropolitan region.

A row of executives from grain-processing behemoth Archer Daniels Midland watched as Verlyn Rosenberger, 88, took the podium at a Decatur City Council meeting last week. It was the first meeting since she and the rest of her central Illinois community learned of a second leak at ADM’s carbon dioxide sequestration well beneath Lake Decatur, their primary source of drinking water. 

“Just because CO2 sequestration can be done doesn’t mean it should be done,” the retired elementary school teacher told the city council. “Pipes eventually leak.” 

ADM’s facility in central Illinois was the first permitted commercial carbon sequestration operation in the country, and it’s on the forefront of a booming, multibillion-dollar carbon capture and storage, or CCS, industry that promises to permanently sequester planet-warming carbon dioxide deep underground. 

The emerging technology has become a cornerstone of government strategies to slash fossil fuel emissions and meet climate goals. Meanwhile, the Biden administration’s signature climate legislation, the Inflation Reduction Act, has supercharged industry subsidies and tax credits and set off a CCS gold rush. 

There are now only four carbon sequestration wells operating in the United States — two each in Illinois and Indiana — but many more are on the way. Three proposed pipelines and 22 wells are up for review by state and federal regulators in Illinois, where the geography makes the landscape especially well suited for CCS. Nationwide, the U.S. Environmental Protection Agency is reviewing 150 different applications. 

But if CCS operations leak, they can pose significant risks to water resources. That’s because pressurized CO2 stored underground can escape or propel brine trapped in the saline reservoirs typically used for permanent storage. The leaks can lead to heavy metal contamination and potentially lower pH levels, all of which can make drinking water undrinkable. This is what bothers critics of carbon capture, who worry that it’s solving one problem by creating another.

A woman holds a folder of papers seated next to an elderly man
Verlyn Rosenberger sits by her husband, Paul Rosenberger, at a city council meeting in Decatur, Illinois, earlier this month. They are both concerned about leaks from the commercial carbon sequestration plant in their town.
Juanpablo Ramirez-Franco / Grist

In September, the public learned of a leak at ADM’s Decatur site after it was reported by E&E News, which covers energy and environmental issues. Additional testing mandated by the EPA turned up a second leak later that month. The EPA has confirmed these leaks posed no threat to water sources. Still, they raise concern about whether more leaks are likely, whether the public has any right to know when leaks occur, and if CCS technology is really a viable climate solution.

Officials with Chicago-based ADM spoke at the Decatur City Council meeting immediately after Rosenberger. They tried to assuage her concerns. “We simply wouldn’t do this if we didn’t believe that it was safe,” said Greg Webb, ADM’s vice president of state-government relations. 

But ADM kept local and state officials in the dark for months about the first leak. They detected it back in March, five months after discovering corrosion in the tubing in the sequestration well. However, neither leak was disclosed as the company this spring petitioned the city of Decatur for an easement to expand its operations. The company also remained tight-lipped about the leak as it took part in major negotiations over the state’s first CCS regulations, the SAFE CCS Act, between April and May, according to several parties involved. 

As a result, when Illinois Governor J.B. Pritzker signed those CCS regulations into law at ADM’s Decatur facility in July, he was unaware of the leak that had occurred more than 5,000 feet below his seat, his office confirmed.

“I thought we were negotiating in good faith with ADM,” bill sponsor and state Senator Laura Fine, a Democrat, said in a statement. “When negotiating complex legislation, we expect all parties to be forthcoming and transparent in order to ensure we enact effective legislation.”

It’s unclear whether ADM was required by law to report the leaks any sooner than it did. According to the company’s permits, it only has to notify state and local officials if there are “major” or “serious” emergencies. The EPA wouldn’t comment on whether ADM was required to disclose, and neither the EPA nor ADM would confirm if the two leaks in Decatur qualified as “minor” emergencies. 

In a statement, an ADM spokesperson said “the developments occurred at a depth of approximately 5,000 feet. They posed no threat to the surface or groundwater, nor to public health. It is for those reasons that additional notifications were not made.”  

That’s little comfort to Jenny Cassel, a senior attorney with Earthjustice, a nonprofit environmental law firm. 

“It’s a little terrifying,” Cassel said. “Because if the operator, in fact, made the wrong decision, and there is in fact a major problem, then not only will local officials not know about it, EPA is not going to know about it, which is indeed what appears to have happened here.”

The Illinois Clean Jobs Coalition, which applauded the signing of the regulatory bill earlier this summer, called ADM’s decision to keep the March 2024 leak from the public “unacceptable and dangerous.” 

David Horn, a city councilman and professor of biology at Decatur’s Millikin University, said the city was blindsided. “This information was substantive, relevant information that could have influenced the terms of the easement that was ultimately signed in May of 2024,” he said, adding that the delay in disclosure calls into question the long-term safety of CCS and the ability of the EPA to protect water in the face of future CCS mishaps.

ADM waited until July 31 to notify the EPA of the leak, more than three months after it was discovered. The EPA alerted a small number of local and state officials and ordered the company to conduct further tests. They also issued a notice for alleged violations, citing the movement of CO2 and other fluids beyond “authorized zones” and the failure of the company to comply with its own monitoring, emergency response, and remediation plans.

But the infractions weren’t made public until September 13, when E&E News first reported the leak.  

Two weeks later, ADM notified the EPA that it had discovered a second suspected leak. Only then did they temporarily pause CO2 injections into the well. 

Councilman Horn says that isn’t good enough. 

“The ADM company was aware of the leak in March, and we were not aware of it until September,” Horn said. “So really the city of Decatur, its residents, the decision-makers have been on the back foot for months.”

Meanwhile, the city of Decatur has contracted with an environmental attorney. They have yet to pursue any legal action. 

Central Illinois is becoming a hotspot nationwide for the nascent CCS industry because of the Mt. Simon Sandstone, a deep saline formation of porous rock especially suitable for CO2 storage. It underlies the majority of Illinois and spills into parts of Indiana and Kentucky. It has an estimated storage capacity of up to 150 billion tons of CO2, making it the largest reservoir of its kind anywhere in the Midwest. 

However, there is concern that pumping CO2 into saline reservoirs near subsurface water risks pushing pressurized CO2 and brine toward those resources, which would pose additional contamination risks. “Brine is pretty nasty stuff,” said Dominic Diguilio, a retired geoscientist from the EPA Office of Research and Development. “It has a very high concentration of salts, heavy metals, sometimes volatile organic compounds and radionuclides like radium.” 

Horn says with so many more wells planned for Illinois, the Decatur leaks should be a wakeup call not just to the city, but to the region. He is particularly concerned about any future wells near east central Illinois’ primary drinking water source, the Mahomet aquifer, which lies above the Mt. Simon Sandstone formation. 

Close to a million people rely on the Mahomet aquifer for drinking water, according to the Prairie Research Institute. In 2015, the EPA designated the underground reservoir a “sole source,” meaning there are no other feasible drinking water alternatives should the groundwater be contaminated. When it comes to the Mahomet aquifer, “there is no room for error if there is a mistake,” said Horn. 

In light of the CCS boom headed their way, rural Illinois counties are stepping up to protect themselves from future carbon leaks, said Andrew Renh, the director of climate policy at Prairie Rivers Network, a Champaign-based environmental protection organization. 

DeWitt County, half an hour north of Decatur, passed a carbon sequestration ban last year. To Decatur’s west, Sangamon County previously expanded an existing moratorium on transporting or storing CO2 underground. And just last week, Champaign County, directly east of Decatur, advanced an ordinance to consider a 12-month moratorium on CCS. 

Rehn said his organization would like to see all 14 counties that overlap the Mahomet aquifer impose such bans.

In the meantime, his hope is that state legislators finish what the Illinois counties have started. Two companion bills introduced earlier this year would patch up the regulatory gaps left by the CCS bill Pritzker signed into law this summer. The bills would outright prohibit carbon sequestration immediately in and around the Mahomet Aquifer.  

“My community, as well as many surrounding areas, depend on the Mahomet Aquifer to provide clean drinking water, support our agriculture, and sustain industrial operations,” bill sponsor and state Senator Paul Faraci, a Democrat, said in a statement. “Protecting the health and livelihood of our residents and industries that rely on the aquifer must remain our top priority. 

As the Decatur City Council meeting adjourned last week, Rosenberger helped her husband, Paul Rosenberger, put on his coat. The row of ADM officials behind her walked past and then lingered in the council chamber. “I’m not afraid of them,” Rosenberger said as she wheeled her husband out.  

“We haven’t changed anything yet,” Rosenberger said. “But I think maybe we can.” 

You Can’t Always Get What You Want – A Mick Jagger Theory of Drought Management (California WaterBlog)

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Original article

Posted on August 28, 2022

graph

Graph of cumulative job and revenue data for California (Josue Medellín-Azuara, 2015)

by Jay Lund

[This is a reposting of a CaliforniaWaterBlog.com post from February 2016, near the end of the previous drought.  For human uses, conditions seem somewhat similar to this point in the previous drought, so this perspective might be useful. A couple of more recent readings are added to this post.]

“You can’t always get what you want
But if you try sometimes you just might find
You get what you need,” Rolling Stones (1969, Let It Bleed album)

The ongoing California drought has many lessons for water managers and policy-makers. Perhaps the greatest lesson is how unimportant a drought can be if we manage water well.

For the last two years, California lost about 33% of its normal water supply due to drought, but from a statewide perspective saw statistically undetectable losses of jobs and economic production, despite often severe local effects. Agricultural production, about 2% of California’s economy, was harder hit, fallowing about 6% of irrigated land, and reducing net revenues by 3% and employment by 10,000 jobs from what it would have been without drought. Yet, high commodity prices and continued shifts to higher valued crops (such as almonds, with more jobs per acre) raised statewide agricultural employment slightly and raised overall revenues for agriculture to record levels in 2014 (the latest year with state statistics).

Cities, responsible for the vast majority of California’s economy, were required to reduce water use by an average of 25% in 2015. These conservation targets were generally well achieved on quite short notice.   Most remarkably, there has been little discernible statewide economic impact from this 25% reduction in urban water use, although many local water districts are suffering financially.

well

More groundwater pumping greatly reduced drought impacts. Picture courtesy of DWR.

How could such a severe drought cause so little economic damage? Much of the lost water supply from drought was made up for by withdrawals of water from storage, particularly groundwater. But the substantial amount of water shortage that remained was largely well-allocated. Farmers of low-valued crops commonly sold water to farmers of higher-valued crops and to cities, greatly reducing economic losses. Within each sector, moreover, utilities, farmers, and individual water users allocated available water for higher-valued uses and shorted generally lower-valued uses and crops.

If shortages are well-allocated, California has tremendous potential to absorb drought-related shortages with relatively little economic impact. This economic robustness to drought arises from several characteristics of California’s economic structure and its uses of water.

First, the most water-intensive part of California’s economy, agriculture, accounts for about 80% of all human water use, but is about 2% of California’s economy. So long as water deliveries are preserved for the bulk of the economy, in cities, California’s economy can withstand considerable drought (Harou et al. 2010). And the large strong parts of the economy can aid those more affected by drought.

rev

Gross annual revenue for California crops ($ millions). (using California Department of Water Resources irrigated crop acres and water use data)

Second, within agriculture, roughly 80-90% of employment and revenues are from higher-valued crops (such as vegetable and tree crops) which occupy about 50% of California’s irrigated land and are about 50% of California’s agricultural water use. If available water is allocated to these crops, a very large water shortage can be accommodated with a much smaller (but still substantial and unprecedented) economic loss.  Water markets have made these allocations flexibly, with some room for improvement.

Global food markets have fundamentally changed the nature of drought for humans. Throughout history, disruptions of regional food production due to drought would lead to famine and pestilence. This is no longer the case for California and other globally-connected economies, where food is readily available at more stable global prices. California continued to export high-valued fruits and nuts, even as corn and wheat production decreased, with almost no effects on local or global prices. Food insecurity due to drought is largely eliminated in globalized economies (poverty is another matter). Subsistence agriculture remains more vulnerable from drought.

Third, cities also concentrate much of their water use in lower-valued activities. Roughly half of California’s urban water use is for landscape irrigation. By concentrating water use reductions on such less-productive uses, utilities and individual water users greatly lowered the costs of drought. If cities had shut down 25% of businesses to implement 25% cuts in water use, the drought and California’s drought management would have been truly catastrophic.

Fourth, although California’s climate is very susceptible to drought, California’s geology provides abundant  drought water storage in the form of groundwater, if managed well.  The availability of groundwater allowed expanded pumping which made up for over 70% of agriculture’s loss of surface water during the drought and provided a buffer for many cities as well. If we replenish groundwater in wetter years, as envisioned in the 2014 groundwater legislation, California’s geologic advantage for withstanding drought should continue.

All of this leads to what we might call a Mick Jagger theory of drought management. Yes, droughts can be terrible in preventing us from getting all that we want, and will cause severe local impacts. But if we manage droughts and water well and responsibly, then we can usually get the water that the economy and society really needs. This overall economic strength also allows for aid to those more severely affected by drought. This is an optimistic and pragmatic lesson for dry drought-prone places with strong globalized economies, such as California.

California’s ecosystems should have similar robustness of ecosystem health with water use, and naturally persisted through substantial droughts long ago.  But today, California’s ecosystems entered this drought in an already severely depleted and disrupted state.   (The Mick Jagger characterization of California’s ecosystems might be “Gimme Shelter,” from the same album.)  If we can sufficiently improve our management of California’s ecosystems before and during droughts, perhaps they will be more robust to drought. Reconciling native ecosystems with land and water development is an important challenge.

“If I don’t get some shelter
Oh yeah, I’m gonna fade away” Rolling Stones (1969, Let It Bleed album)

The drought reminds us that California is a dry place where water will always cause controversy and some dissatisfaction.  However, despite the many apocalyptic statements on California’s drought, the state has done quite well economically, so far, overall. But, the drought has identified areas needing improvement, so that we can continue to get most of what we really need from water in California, even in future droughts.  We should neither panic, nor be complacent, but focus on the real challenges identified by the drought.

Jay Lund is Co-Director of the Center for Watershed Sciences and Professor of Civil and Environmental Engineering at the University of California – Davis.

Further reading

Lund, J.,  Follow the Water! Who uses how much water where?, CaliforniaWaterBlog.com, Posted on July 24, 2022.

Hanak, E., J. Mount, C. Chappelle, J. Lund, J. Medellín-Azuara, P. Moyle, and N. Seavy, What If California’s Drought Continues?, 20 pp., PPIC Water Policy Center, San Francisco, CA, August 2015.

Harou, J.J., J. Medellin-Azuara, T. Zhu, S.K. Tanaka, J.R. Lund, S. Stine, M.A. Olivares, and M.W. Jenkins, “Economic consequences of optimized water management for a prolonged, severe drought in California,” Water Resources Research, doi:10.1029/2008WR007681, Vol. 46, 2010

Howitt R, Medellín-Azuara J, MacEwan D, Lund J and Sumner D., “Economic Analysis of the 2015 Drought for California Agriculture.” Center for Watershed Sciences, UC Davis. 16 pp, August, 2015.

Medellín-Azuara J., R. Howitt, D. MacEwan, D. Sumner and J. Lund, “Drought killing farm jobs even as they grow,” CaliforniaWaterBlog.com, June 8, 2015.

Wikipedia, “You Can’t Always Get What You Want”, https://en.wikipedia.org/wiki/You_Can’t_Always_Get_What_You_Want

Wikipedia, “Gimme Shelter”, https://en.wikipedia.org/wiki/Gimme_Shelter

California drought causing valley land to sink (Science Daily)

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Date:
August 20, 2015
Source:
NASA/Jet Propulsion Laboratory
Summary:
As Californians continue pumping groundwater in response to the historic drought, the California Department of Water Resources has released a new NASA report showing land in the San Joaquin Valley is sinking faster than ever before, nearly 2 inches (5 centimeters) per month in some locations.

Total subsidence in California’s San Joaquin Valley for the period May 3, 2014 to Jan. 22, 2015, as measured by Canada’s Radarsat-2 satellite. Two large subsidence bowls are evident, centered on Corcoran and south of El Nido. Credit: Canadian Space Agency/NASA/JPL-Caltech

As Californians continue pumping groundwater in response to the historic drought, the California Department of Water Resources has released a new NASA report showing land in the San Joaquin Valley is sinking faster than ever before, nearly 2 inches (5 centimeters) per month in some locations.

“Because of increased pumping, groundwater levels are reaching record lows — up to 100 feet (30 meters) lower than previous records,” said Department of Water Resources Director Mark Cowin. “As extensive groundwater pumping continues, the land is sinking more rapidly and this puts nearby infrastructure at greater risk of costly damage.”

Sinking land, known as subsidence, has occurred for decades in California because of excessive groundwater pumping during drought conditions, but the new NASA data show the sinking is happening faster, putting infrastructure on the surface at growing risk of damage.

NASA obtained the subsidence data by comparing satellite images of Earth’s surface over time. Over the last few years, interferometric synthetic aperture radar (InSAR) observations from satellite and aircraft platforms have been used to produce maps of subsidence with approximately centimeter-level accuracy. For this study, JPL researchers analyzed satellite data from Japan’s PALSAR (2006 to 2010); and Canada’s Radarsat-2 (May 2014 to January 2015), and then produced subsidence maps for those periods. High-resolution InSAR data were also acquired along the California Aqueduct by NASA’s Uninhabited Aerial Vehicle Synthetic Aperture Radar (UAVSAR) (2013 to 2015) to identify and quantify new, highly localized areas of accelerated subsidence along the aqueduct that occurred in 2014. The California Aqueduct is a system of canals, pipelines and tunnels that carries water collected from the Sierra Nevada Mountains and Northern and Central California valleys to Southern California.

Using multiple scenes acquired by these systems, the JPL researchers were able to produce time histories of subsidence at selected locations, as well as profiles showing how subsidence varies over space and time.

“This study represents an unprecedented use of multiple satellites and aircraft to map subsidence in California and address a practical problem we’re all facing,” said JPL research scientist and report co-author Tom Farr. “We’re pleased to supply the California DWR with information they can use to better manage California’s groundwater. It’s like the old saying: ‘you can’t manage what you don’t measure’.”

Land near Corcoran in the Tulare basin sank 13 inches (33 centimeters) in just eight months — about 1.6 inches (4 centimeters) per month. One area in the Sacramento Valley was sinking approximately half-an-inch (1.3 centimeters) per month, faster than previous measurements.

Using the UAVSAR data, NASA also found areas near the California Aqueduct sank up to 12.5 inches (32 centimeters), with 8 inches (20 centimeters) of that occurring in just four months of 2014.

“Subsidence is directly impacting the California Aqueduct, and this NASA technology is ideal for identifying which areas are subsiding the most in order to focus monitoring and repair efforts,” said JPL research scientist and study co-author Cathleen Jones. “Knowledge is power, and in this case knowledge can save water and help the state better maintain this critical element of the state’s water delivery system.” UAVSAR flies on a C-20A research aircraft based at NASA’s Armstrong Flight Research Center facility in Palmdale, California.

The increased subsidence rates have the potential to damage local, state and federal infrastructure, including aqueducts, bridges, roads and flood control structures. Long-term subsidence has already destroyed thousands of public and private groundwater well casings in the San Joaquin Valley. Over time, subsidence can permanently reduce the underground aquifer’s water storage capacity.

“Groundwater acts as a savings account to provide supplies during drought, but the NASA report shows the consequences of excessive withdrawals as we head into the fifth year of historic drought,” Director Cowin said. “We will work together with counties, local water districts, and affected communities to identify ways to slow the rate of subsidence and protect vital infrastructure such as canals, pumping stations, bridges and wells.”

NASA will also continue its subsidence monitoring, using data from the European Space Agency’s recently launched Sentinel-1 mission to cover a broader area and identify more vulnerable locations.

DWR also completed a recent land survey along the Aqueduct — which found 70-plus miles (113-plus kilometers) in Fresno, Kings and Kern counties sank more than 1.25 feet (0.4 meters) in two years — and will now conduct a system-wide evaluation of subsidence along the California Aqueduct and the condition of State Water Project facilities. The evaluation will help the department develop a capital improvement program to repair damage from subsidence. Past evaluations found that segments of the Aqueduct from Los Banos to Lost Hills sank more than 5 feet (1.5 meters) since construction.

NASA and the Indian Space Research Organisation are jointly developing the NASA-ISRO Synthetic Aperture Radar (NISAR) mission. Targeted to launch in 2020, NISAR will make global measurements of the causes and consequences of land surface changes. Potential areas of research include ecosystem disturbances, ice sheet collapse and natural hazards. The NISAR mission is optimized to measure subtle changes of Earth’s surface associated with motions of the crust and ice surfaces. NISAR will improve our understanding of key impacts of climate change and advance our knowledge of natural hazards.

The report, Progress Report: Subsidence in the Central Valley, California, prepared for DWR by researchers at NASA’s Jet Propulsion Laboratory, Pasadena, California, is available at: http://water.ca.gov/groundwater/docs/NASA_REPORT.pdf (14 MB)

NASA Bombshell: Global Groundwater Crisis Threatens Our Food Supplies And Our Security (Climate Progress)

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BY JOE ROMM POSTED ON OCTOBER 31, 2014 AT 1:22 PM

Sustained droughtSustained drought in California is depleting aquifers (click to enlarge).

An alarming satellite-based analysis from NASA finds that the world is depleting groundwater — the water stored unground in soil and aquifers — at an unprecedented rate.

A new Nature Climate Change piece, “The global groundwater crisis,” by James Famiglietti, a leading hydrologist at the NASA Jet Propulsion Laboratory, warns that “most of the major aquifers in the world’s arid and semi-arid zones, that is, in the dry parts of the world that rely most heavily on groundwater, are experiencing rapid rates of groundwater depletion.”

The groundwater at some of the world’s largest aquifers — in the U.S. High Plains, California’s Central Valley, China, India, and elsewhere — is being pumped out “at far greater rates than it can be naturally replenished.”

The most worrisome fact: “nearly all of these underlie the word’s great agricultural regions and are primarily responsible for their high productivity.”

And this is doubly concerning in our age of unrestricted carbon pollution because it is precisely these semiarid regions that are projected to see drops in precipitation and/or soil moisture, which will sharply boost the chances of civilization-threatening megadroughts and Dust-Bowlification.

As these increasingly drought-prone global bread-baskets lose their easily accessible ground-water too, we end up with a death spiral: “Moreover, because the natural human response to drought is to pump more groundwater continued groundwater depletion will very likely accelerate mid-latitude drying, a problem that will be exacerbated by significant population growth in the same regions.”

So this is very much a crisis, albeit an under-reported one. But why is NASA the one sounding the alarm? How has the space agency been able to study what happens underground? The answer is that NASA’s Gravity Recovery and Climate Experiment (GRACE) satellite mission can track the earth’s mass over space and time — and large changes in the amount of water stored underground cause an observable change in mass.

Here is California’s groundwater depletion over the last three years as observed by GRACE:

NASA GRACE

NASA: “The ongoing California drought is evident in these maps of dry season (Sept–Nov) total water storage anomalies (in millimeter equivalent water height; anomalies with respect to 2005–2010). California’s Sacramento and San Joaquin river basins have lost roughly 15 km3 of total water per year since 2011 — more water than all 38 million Californians use for domestic and municipal supplies annually — over half of which is due to groundwater pumping in the Central Valley.”

Certainly, the combined threat of mega-drought and groundwater depletion in the U.S. breadbaskets should be cause for concern and action by itself.

But we should also worry about what is happening around the globe, if for no other reason than it inevitably affects our security. As I wrote last year, “Warming-Fueled Drought Helped Spark Syria’s Civil War.”

Dr. Famiglietti explains the risk:

Further declines in groundwater availability may well trigger more civil uprising and international violent conflict in the already water-stressed regions of the world, and new conflict in others. From North Africa to the Middle East to South Asia, regions where it is already common to drill over 2 km [kilometers] to reach groundwater, it is highly likely that disappearing groundwater could act as a flashpoint for conflict.

Outside of this country, NASA has observed aquifer declines in “the North China Plain, Australia’s Canning Basin, the Northwest Sahara Aquifer System, the Guarani Aquifer in South America … and the aquifers beneath northwestern India and the Middle East.”

GroundwaterDepletion

Water storage declines (mm equivalent water height) in several of the world’s major aquifers.

Famiglietti says that groundwater “acts as the key strategic reserve in times of drought, in particular during prolonged events,” such as we’re seeing in the West, Brazil, and Australia:

Like money in the bank, groundwater sustains societies through the lean times of little incoming rain and snow. Hence, without a sustainable groundwater reserve, global water security is at far greater risk than is currently recognized.

Yes, we can stave off bankruptcy a little longer despite our unsustainable lifestyle by taking money from our children’s bank accounts. As we reported last year, we’re taking $7.3 trillion a year in natural capital — arable land, potable water, livable climate, and so on — from our children without paying for it. In short, humanity has constructed the grandest of Ponzi schemes, whereby current generations have figured out how to live off the wealth of future generations.