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Originally Posted by Windguy
The money being spent to prevent serious climate change is peanuts compared to the money being made by the fossil-fuel industry.
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Quote:
Originally Posted by golfing eagles
Care to back that up with the facts???
Don't bother, here they are, check it if you like:
Entire oil industry profit in 2022-----200 billion, which would be 10 trillion over 50 years
Proposed spending to "combat" climate change---$100 TRILLION over next 50 years. Or 10x oil industry profit. Care to revise your post??????
What I'd like to know is just WHAT "they" plan to do with $100 trillion? Sell more EVs to those that think electricity just appears out of the ether? But you don't need money to sell something. Build more nuclear power plants??? Seems contrary to "their" agenda. Send a planetary distress signal to the starship Enterprise so we can borrow some matter-antimatter reactors???? Or better yet, just like the remake of "The Day the Earth Stood Still", abandon all technology and live like cavemen. But wait, we've been experiencing global warming for 20,000 years during which time we WERE cavemen.
Bottom line, there is no current solution, just a scam to put mega dollars into the hands of the few.
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Quote:
Originally Posted by Vermilion Villager
Apples and oranges. The profit the oil companies are making is just a small fraction of the over all cost of fossil fuel. Also, I do not know where you're getting $100 trillion figure from. Even if it were correct (its "proposed" so even you don't know), the only thing that shows is that it cost a lot more to clean up the mess than it does to create it.
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Congrats on the non-sequitur post of the day!
The premise from the first post was that money spent to "combat" climate change was "peanuts" compared to fossil fuel industry revenue
My rebuttal was that estimates/proposals/whatever you want to call it was at least 10x greater than industry profit
You post diverges to cost of oil spill clean-ups, which has nothing to do with the topic.
as far as the $100 trillion estimate goes, how about this from the Wall Street Journal?:
WSJ EXPLAINS
October 29, 2021
How Much Would It Cost to Reduce Global Warming? $131 Trillion Is the answer.
$131 trillion will be the cost of meeting some Paris targets, estimates the International Renewable Energy Agency