Note To Old Energy – NOBODY Wins This Way
Climate change denial won’t even benefit oil companies soon; The damage caused by our addiction to burning fossil fuels will be so widespread that nobody stands to gain
Phil McDuff, 31 July 2018 (UK Guardian)
“…The year 2018 is on track to be the fourth warmest on record…[and] June 2018 is the 402nd consecutive month with temperatures above the 20th-century average…[The UK may see temperatures over 105F by the 2040s, leading to a potential 7,000 heat-related deaths a year…Carbon that took millions of years to trap [in the ground] has been released into the atmosphere…[and we have been unable and unwilling to do anything about it…[The giant corporations of] the fossil fuel extraction industry has known about climate change since at least 1977…[but denied] the reality…[Now a] study by the Economics of Climate Adaptation (ECA) working group found that losses due to climate change could reach up to 19% of GDP in some parts of the world by 2030…
[Everyone will pay for climate change-induced] floods, famines and droughts leading to mass migration events…The fossil fuel industry, which is now finally investing in New Energy, told us that we could take out an interest-only mortgage against the future of the planet and prices would always go up, interest rates would always go down and there would never be a reckoning. We now find ourselves facing repayments on the scale of trillions of dollars. That does not even cover the human costs…[It] may be too late to stop it, but we still need to learn an important lesson. If a CEO tells us that it would be bad for business if they weren’t allowed to pump poison into the air and water, then that’s too bad for them…We’d have survived the crisis of an oil CEO missing out on his fifth yacht, but many won’t survive the consequences of letting them lead us by the nose into disaster.” click here for more
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