| Climate change and costy lives on 08:56 - Oct 31 with 1180 views | Swansea_Blue |
I can't help but feel there'll be lining up some nice profiteering off the back of the Israel / Palestine conflict. They're talking about prices rising to about $150/barrel. In real terms that's on a par with the '79 oil crisis and double the one in the 90's after Iraq invaded Kuwait.
Given the high tax rate, it should at least raise more revenue for the treasury. Not that that's going to help anyone struggling to pay their bills or heat their homes of course. I expect big pressure for an improved govt assistance scheme.
It's utterly wrong that these companies are still planning for long term fossil fuel extraction, but I suppose there are some things we have to have oil for. Power doesn't have to be one of them though. |  |
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| Climate change and costy lives on 09:03 - Oct 31 with 1169 views | Herbivore |
| Climate change and costy lives on 08:56 - Oct 31 by Swansea_Blue |
I can't help but feel there'll be lining up some nice profiteering off the back of the Israel / Palestine conflict. They're talking about prices rising to about $150/barrel. In real terms that's on a par with the '79 oil crisis and double the one in the 90's after Iraq invaded Kuwait.
Given the high tax rate, it should at least raise more revenue for the treasury. Not that that's going to help anyone struggling to pay their bills or heat their homes of course. I expect big pressure for an improved govt assistance scheme.
It's utterly wrong that these companies are still planning for long term fossil fuel extraction, but I suppose there are some things we have to have oil for. Power doesn't have to be one of them though. |
It's just mind blowing to me that we're allowing companies who are directly responsible for the destruction of the planet to continue making vast profits at a time where that profiteering is significantly contributing to a cost of living crisis and we are seeing increasing impacts of climate change. Does nobody with any influence step back and think "hang on, something's not right here". I get that we aren't just going to stop needing oil overnight but where are the incentives (or disincentives) to cut down our reliance when these companies are continuing to make massive profits? |  |
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| Climate change and costy lives on 09:28 - Oct 31 with 1136 views | NthQldITFC |
| Climate change and costy lives on 09:03 - Oct 31 by Herbivore |
It's just mind blowing to me that we're allowing companies who are directly responsible for the destruction of the planet to continue making vast profits at a time where that profiteering is significantly contributing to a cost of living crisis and we are seeing increasing impacts of climate change. Does nobody with any influence step back and think "hang on, something's not right here". I get that we aren't just going to stop needing oil overnight but where are the incentives (or disincentives) to cut down our reliance when these companies are continuing to make massive profits? |
It's so wrong in so many ways, and that in some weird way seems to make it easy to ignore from governmental to individual level - that is while we are still worshipping the suicide cult god of Growth. Soon, when that god turns on us, all of a sudden it will all swim into alignment and leave us all asking "Why didn't they do anything?" |  |
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| Climate change and costy lives on 09:33 - Oct 31 with 1122 views | BanksterDebtSlave |
| Climate change and costy lives on 08:56 - Oct 31 by Swansea_Blue |
I can't help but feel there'll be lining up some nice profiteering off the back of the Israel / Palestine conflict. They're talking about prices rising to about $150/barrel. In real terms that's on a par with the '79 oil crisis and double the one in the 90's after Iraq invaded Kuwait.
Given the high tax rate, it should at least raise more revenue for the treasury. Not that that's going to help anyone struggling to pay their bills or heat their homes of course. I expect big pressure for an improved govt assistance scheme.
It's utterly wrong that these companies are still planning for long term fossil fuel extraction, but I suppose there are some things we have to have oil for. Power doesn't have to be one of them though. |
Kerching....
https://www.theguardian.com/world/2023/oct/30/wall-street-morgan-stanley-td-bank
'The United Nations has warned that there was “clear evidence” that war crimes may have been committed in “the explosion of violence in Israel and Gaza”. Meanwhile, Wall Street is hoping for an explosion in profits.' |  |
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| Climate change and costy lives on 09:37 - Oct 31 with 1114 views | Darth_Koont |
| Climate change and costy lives on 09:03 - Oct 31 by Herbivore |
It's just mind blowing to me that we're allowing companies who are directly responsible for the destruction of the planet to continue making vast profits at a time where that profiteering is significantly contributing to a cost of living crisis and we are seeing increasing impacts of climate change. Does nobody with any influence step back and think "hang on, something's not right here". I get that we aren't just going to stop needing oil overnight but where are the incentives (or disincentives) to cut down our reliance when these companies are continuing to make massive profits? |
Unfortunately, we seem stuck on the hamster wheel of growth as the only plan. In a world of mostly finite and even limited resources.
Would be nice to hear more workable and sustainable plans than burying our heads in the sand and pretending that we know what we are doing. Or indeed that we knew what we were doing over the past few decades and there are no mistakes to learn from. |  |
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| Climate change and costy lives on 09:42 - Oct 31 with 1098 views | Herbivore |
| Climate change and costy lives on 09:37 - Oct 31 by Darth_Koont |
Unfortunately, we seem stuck on the hamster wheel of growth as the only plan. In a world of mostly finite and even limited resources.
Would be nice to hear more workable and sustainable plans than burying our heads in the sand and pretending that we know what we are doing. Or indeed that we knew what we were doing over the past few decades and there are no mistakes to learn from. |
While a lot of rich folk are continuing to grow their wealth and those rich folk are the ones with all the power and influence, there's very little prospect of meaningful change. Humankind is driving itself towards a cliff edge and it's putting it's foot down rather than trying to hit the brakes. | |
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| Climate change and costy lives on 09:47 - Oct 31 with 1075 views | SuperKieranMcKenna |
| Climate change and costy lives on 09:42 - Oct 31 by Herbivore |
While a lot of rich folk are continuing to grow their wealth and those rich folk are the ones with all the power and influence, there's very little prospect of meaningful change. Humankind is driving itself towards a cliff edge and it's putting it's foot down rather than trying to hit the brakes. |
“Humankind is driving itself towards a cliff edge and it's putting its foot down rather than trying to hit the brakes.”
Humans are still literally killing each other over whose god is best/real (take your pick). It’s 2023, we’ve cured a lot of complex diseases and explored deep into our solar system and yet people are dying over some books. That doesn’t fill me with any confidence that we are going to seriously tackle the climate crisis. [Post edited 31 Oct 2023 9:49]
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| Climate change and costy lives on 09:54 - Oct 31 with 1060 views | Darth_Koont |
| Climate change and costy lives on 09:42 - Oct 31 by Herbivore |
While a lot of rich folk are continuing to grow their wealth and those rich folk are the ones with all the power and influence, there's very little prospect of meaningful change. Humankind is driving itself towards a cliff edge and it's putting it's foot down rather than trying to hit the brakes. |
There has to be a massive redistribution of wealth via taxation. Certainly if governments can’t borrow to invest any more.
With the rise of the billionaires and indeed the unprecedented wealth of the top few percentiles in the West and elsewhere, we seem to have lost the ability we had in the late 20th century to turn economic success into social advancement from the bottom up. That happens still in developing economies but is going the other way in developed countries.
Unfortunately, no-one seems to care enough about the effects of the economy on other people. So what hope is there for the planet? | |
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| Climate change and costy lives on 10:32 - Oct 31 with 1014 views | NthQldITFC |
| Climate change and costy lives on 09:54 - Oct 31 by Darth_Koont |
There has to be a massive redistribution of wealth via taxation. Certainly if governments can’t borrow to invest any more.
With the rise of the billionaires and indeed the unprecedented wealth of the top few percentiles in the West and elsewhere, we seem to have lost the ability we had in the late 20th century to turn economic success into social advancement from the bottom up. That happens still in developing economies but is going the other way in developed countries.
Unfortunately, no-one seems to care enough about the effects of the economy on other people. So what hope is there for the planet? |
There's always the idiotic, selfish, indignant response "they're not taking any more of my money in taxes", which seems to blind those people to the realisation that as society crumbles around them due to environmental degradation and social inequity, that hoard of your money won't protect you from either the breakdown in civil society and law and order, or the catastrophic effects that interlinked climate change-driven food and water system collapses will wreak on your 'safe', comfortable lifestyle.
"Yeah, but they're not taking any more of my money in taxes" | |
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