This paper connects hitherto distant strands of literature to contribute to the ongoing turn to value theory in socio-ecological studies. Starting from Marx’s understanding of value as social form, I revisit Neil Smith’s contribution to the question of value and nature and argue for a reassessment of the internal relations between valorisation and the ‘vernacular’ dimensions of socio-ecological reproduction. I approach this problem through Bolívar Echeverría’s reconstruction of the category of use-value and his understanding of the pivotal role it plays in Marx’s critique, which allows for an open and non-reductive account of the subsumption of socio-ecologies under capitalism as contradictory entanglements of abstraction and meaning. The paper mobilises these insights alongside Marxian-inspired anthropological theories of value – the work of Terence Turner and David Graeber – in order to sketch elements for a symbolic-materialist framework to approach the question of value in its cultural-moral register, its relation to value as economic form, and issues of moral economy and ecology under capitalism.
Tropical peatlands store globally significant quantities of carbon and are ecologically and culturally important, but little is known about their vulnerability to oil and gas exploration and extraction. Here, we analyse the exposure of tropical peatlands to the activities of the petroleum industry and review what is known about the sensitivity of peatlands to these activities. We find that 8.3% (107,000 km2) of the total area of tropical peatlands overlaps with a 30-km buffer area around oil and gas infrastructure. Major areas of overlap include the Sumatra Basin (Indonesia), the Niger Delta (Nigeria) and the Putumayo-Oriente-Marañón Basin (Peru/Ecuador/Colombia). Documented environmental impacts include deforestation and habitat loss associated with the exploration and development of oil fields, and contamination from spills of oil and produced water (well brine). Peatlands, and the ecosystem services they provide, are sensitive to these impacts due to unique aspects of their ecology and hydrology, the easy spread of contamination by flowing water, the long-term storage of contaminants in peat, and the slow degradation of oil under anoxic, waterlogged conditions. Given the potential negative consequences for human health, resource security, biodiversity, and carbon storage, we propose a research agenda to provide an improved evidence base to support effective governance.
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