This is why were going to divest from fossil fuels here in the South Bay: The institutions of our ruling world have a powerful stake in the mad momentum of climate change -- the energy system that’s producing it and the political stasis that sustains and guarantees it -- so powerful as to seem unbreakable. Don’t count on them to avert the coming crisis. They can’t. In some sense, they are the crisis. Corporations and governments promote the burning of fossil fuels, which means the dumping of its waste product, carbon dioxide, into the atmosphere where, in record amounts, it heats the planet. This is not an oversight; it is a business model. Governments collude with global warming, in part by bankrolling the giant fossil fuel companies (FFCs). As a recent report written by Shelagh Whitley for the Overseas Development Institute puts it, Producers of oil, gas, and coal received more than $500 billion in government subsidies around the world in 2011... If their aim is to avoid dangerous climate change, governments are shooting themselves in both feet. They are subsidizing the very activities that are pushing the world towards dangerous climate change, and creating barriers to investment in low-carbon development and subsidy incentives that encourage investment in carbon-intensive energy.”
Posted on: Fri, 22 Nov 2013 23:40:11 +0000
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