THE DEEPWATER HORIZON DISASTER:CATALYST FOR A PARADIGM SHIFT?

TERRA NOVA CONSULTANTS

Jiajia, Julie, Constanze, Stephen, Moheth

CONSIDERATIONS

The environment can be cleaned but the social cost

are irreversible

‘Big Oil’ will recover unscathed

Economists and government advisors have to work

together to using more sustainable policies rather

than macroeconomic policies for economic growth.

This event will have a positive impact on the

changes in policies for climatic change.

44% of world carbon emissions are from burning of

petroleum products

MAINSTREAM ECONOMIC PARADIGM

The mainstream economic paradigm focuses

mainly on profit and economic growth with little

consideration for PPP (People, Planet and Profits)

High level concentration of powerful players in the oil

industry influences policies.

EEE

MMK services gained

NK services sacrificed =

MMK services gained

MMK stock

(1)

X

MMK stock

Throughput

(2)

X

Throughput

NK stock

(3)

X

NK stock

NK services sacrificed

(4)

DEEPWATER HORIZON DISASTER NOT

COMPATIBLE WITH EEE

Service Efficiency

Not Applicable

Throughput Efficiency

Operating beyond safe limits

Growth Efficiency

Stagnant

Ecosystem Efficiency

Negative

IS THERE A PARADIGM SHIFT?

New Ideas

Investment in R&D

New Values

Cultural shift

New Models

Social ecological collaboration

FINANCIAL OBSTACLES

Oil as an alternative to other more sustainable energy is cheap

Technology not readily available or affordable for all

Profitability of organisations may be compromised in the short term alternatives

Differing opinions within the political system on need and urgency of change in energy industry

The way the possibility and practibility of change

Sign of maturity to reach shift

Willingness is lacking

Unofficial sensors – sanitize the science

INTELLECTUAL OBSTACLES