Why do fossil fuel companies fight so hard against climate change science?
Partly because they're making money hand over fist. But also significantly because to acknowledge the science would mean having to write off trillions of dollars in untapped fossil fuel reserves they own, reserves that provide a fundamental part of the values of the companies involved. And nobody's willing (even if institutionally able) to do that. #ddtb
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The great carbon bubble: Why the fossil-fuel industry fights so hard
This essay was originally published on TomDispatch and is republished here with Tom’s kind permission.
If we could see the world with a particularly illuminating set of spectacles, one of its …
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+Dave Hill Good article about people. Not only do you have the current never-ending punch bowl to gorge upon, but everyone knows that the value of the commodity is going to rise. We have seen that the majority of humanity does not heed scarcity or consider the future. I'm not fatalistic, but realistic on this topic. I absolutely don't predict doomsday. Instead, I predict the same banal reaction when we all finally feel enough pain for a change to occur-when even the simpleton feels a sensation.
I don't think we'll hit a doomsday collapse of civilization — but I think it will take some severe pain to overcome our societal reluctance to back away from the poison punch bowl — and by that point, a lot of those crippling cramps will stick around for a long time, and, even if they don't kill us, will keep us from doing a lot of other stuff we wish we could.
Yep, you hit it on the head with that last point. As usual, we will remove the potential of what could have been. But again, I reiterate – absolutely no doomsday scenario- that is a Libertarian dream.