Don’t Be Fooled by Fossil Fuel Companies’ Green Exterior

by 11 percent between 2016 and 2017. Worldwide, subsidies to fossil fuels are roughly double those given to renewables.

The House Ways and Means Committee held a hearing about the CLC proposal in May, as the fossil fuel industry’s newfound openness to at least certain types of climate policy in the U.S. begins seeping into the Republican Party. Previously staunch deniers likehave begun to admit that climate change is both real and caused by humans. Sen.

As some people on the right start to move away from more flagrant climate denial and junk science, letting industry sit at the climate-policymaking table — and write themselves out of responsibility — may just be a slightly slower road toward full-blown climate catastrophe.

A broader ethical question remains as to what should happen to the corporations that bear so much of the responsibility for this crisis, and have faced so few consequences as a result. For that, Thunberg has an answer. “They have to be held accountable for what they have done,” she toldback in January. “You can’t just say that they stole something or something like that. They have done something much more serious than that. They know what they are doing will have a massive impact on life on Earth and yet they continue doing it because they want to continue to make money. And that is a crime against humanity, I think.

Nor the UK govt commitment to net zero by 2050. Easy to talk the talk but little evidence of them walking the walk.

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Stocks rally, bond yields plunge as Fed fuels rate cut hopesA gauge of global stock markets rose on Thursday while the dollar dropped and gl... Sounded like a very cautious FED to me. The only 'fuelling of rate cut hopes' was from the journos at the press conference trying to get Chair Powell to say something that was not in the June report, and sadly for them, he stuck to the written report. Fake News Monetary Policy is all fixed and the FED just proved it. Job market is good and economy is good so this cut is just for Wall Street, Big Banks and Big Companies. All these are in huge debt and they need low interest. If they had surplus they would want higher interest rates!!
Fonte: Reuters - 🏆 2. / 97 Leggi di più »