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posted by janrinok on Wednesday July 15 2015, @01:09PM   Printer-friendly
from the how-to-make-or-lose-a-fortune dept.

The world's fossil fuel companies risk wasting billions of dollars of investment by not taking global action to fight climate change seriously, according to the chief economist of the International Energy Agency (IEA).

Fatih Birol, who will take the top job at the IEA in September and is one of the world's most influential voices on energy, warned that companies making this mistake would also miss out on investment opportunities in clean energy.
...
The World Bank and Bank of England have already warned of the serious risk climate action poses to trillions of dollars of fossil fuel investments and the G20 is investigating the risks. The think-tank Carbon Tracker has estimated that over $1tn (£0.6tn) of oil investments and $280bn of gas investments would be left uneconomic if the world's governments succeed in their pledge to limitglobal warming to 2C.

The warnings are based on policy proposals that are entirely creatures of human decisions rather than hard economic realities. Then again, all demand is ultimately the product of human decisions.


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  • (Score: 2) by ikanreed on Wednesday July 15 2015, @05:31PM

    by ikanreed (3164) Subscriber Badge on Wednesday July 15 2015, @05:31PM (#209469) Journal

    +1 touché? Fuck that.

    I'm not gonna moderate you, but this is a shitty series of non points. You can't cite a single paper that endorses anything said by Morano, who I should remind you you're defending here (going as far as pretending Bill Fucking Nye wasn't a famous science educator for silly debate points WTF?).

    You're sad, and your "no I'm an outsider who's being oppressed by the establishment but don't call me a conspiracy theorist" spiel is real tired. You don't know shit about climatology, and if you'd read a single paper from the past year, I'll eat my goddamn hat.

    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2  
  • (Score: 1, Flamebait) by curunir_wolf on Wednesday July 15 2015, @07:06PM

    by curunir_wolf (4772) on Wednesday July 15 2015, @07:06PM (#209519)

    pretending Bill Fucking Nye wasn't a famous science educator

    Because he's not - he's an entertainer. A spokesman. A talking head. Nothing more. That you raise his credentials to something else says more about you than anything. You're a victim of television media. Brian Miur is your source. George Stephanopolis is your trusted commentator.

    You can't cite a single paper that endorses anything said by Morano

    I don't really know anything about this Morano person that seems to have stimulated your hatred, I never mentioned him, defended him, or care what he says. Maybe you're attempting some sort of straw man argument, but it fails to address anything.

    Frankly, I'm surprised you can manage to even read SoylentNews, I'm pretty sure it's the extent of your reading, you sound like a television zombie, which is probably what you are. You probably should go ahead and eat your hat - I doubt you know what else to do with it otherwise. Your reading comprehension is so bad, your boots are probably still full of piss because you couldn't figure out how to pour it out from the instructions written on the heel.

    --
    I am a crackpot
    • (Score: 2) by ikanreed on Wednesday July 15 2015, @07:09PM

      by ikanreed (3164) Subscriber Badge on Wednesday July 15 2015, @07:09PM (#209520) Journal

      You know that intellectual condecision only really works when you're not arguing an incredibly anti-intellectual factually incorrect position, right? "You're so dumb, I bet you believe in algebra" is the level you're operating here. Just a PSA.

      And... thanks for not even remotely following the conversation you participated in.

      • (Score: 2) by curunir_wolf on Thursday July 16 2015, @12:58AM

        by curunir_wolf (4772) on Thursday July 16 2015, @12:58AM (#209716)

        Thanks for demonstrating my point - and all the other disciples moderating here on SN. My point is that it's useless to discuss it, because if you try to question anything, you just get shouted down. And that's the only reaction from anyone, name-calling and shouting down. Algebra is not a belief system, it's a tool. Science is not a religion, it's a methodology / process. There is no "science" left in AGW / Catastrophic Climate Disruption anymore. There is nothing about it that can be questioned. You all have proven that point.

        Here's your chosen spokesman, "Bill Nye: People are the problem" [youtube.com]

        --
        I am a crackpot
        • (Score: 0) by Anonymous Coward on Thursday July 16 2015, @04:31AM

          by Anonymous Coward on Thursday July 16 2015, @04:31AM (#209804)

          You can question it all you want; you have freedom of speech. But that doesn't mean that you won't receive criticism, or that you'll hear the answers you want to hear.

      • (Score: 0) by Anonymous Coward on Thursday July 16 2015, @03:03AM

        by Anonymous Coward on Thursday July 16 2015, @03:03AM (#209771)

        Yeah, dont hope for too much sense from this dude, you're arguing with a mystic, see...

        https://soylentnews.org/comments.pl?sid=7872&cid=195032 [soylentnews.org]

        • (Score: 2, Funny) by ikanreed on Thursday July 16 2015, @12:56PM

          by ikanreed (3164) Subscriber Badge on Thursday July 16 2015, @12:56PM (#209896) Journal

          I'm arguing with a goddamn moron who thinks he's smart. It's the worst.