23 January, 2015

Profit, in the modern sense, and the sustenance of human life are incompatible


Profit and a regard for sustaining earth’s suitability for humans are incompatibly, particularly if profit is considered in contemporary terms.

Reporting on Davos 2015, The Guardian says: “It’s not possible to listen to petroleum industry executives defending their reckless extraction of oil without feeling that we are living in an age of madness.”

A private conversation under the Chatham House rules, one of the world’s most senior industry leaders, who is considered to be at the more moderate end of the spectrum, insisted that we are going to burn all the world’s hydrocarbons despite the consequences.

Former U.S. vice-president and committed climate change activist, Al Gore, has accused the world’s oil companies of using the atmosphere as an open sewer.

Lord Stern, who wrote the landmark 2006 Stern review of the economics of climate change, says it is no surprise oil executives are seeking to defend their corner, who, like Gore, said basic arithmetic tells us that it is impossible to burn all the world’s hydrocarbons without devastating consequences.

He points out that the earth has not seen a 3C rise for 3m years, he pointed out, and it has been tens of millions of year since there has been a 4C rise.

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