What oil companies say: "We can use carbon capture and storage technology to help save the climate! All we need is billions of dollars more in government subsidies every year."
But in fact the whole thing is a scam, because "almost 80% of all the COā captured by existing CCS installations has been reinjected into oil fields ā to pump more oil." š¤¦āāļø
LEARN MORE ā”ļø theconversation.com/fix-the-clā¦
#Environment #Climate #ClimateChange #Capitalism #BusinessAsUsual
Fix the climate or appease the fossil fuel industry ā we canāt do both
Funding for carbon capture and storage is likely to prolong the fossil fuel era.The Conversation
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Nicole Parsons
in reply to Bread and Circuses • • •The fossil fuel industry is subsidized so heavily. $754 billion.
eesi.org/papers/view/fact-sheeā¦
1. Bargain basement use of public lands
2. Government subsidies for drilling & pipelines
3. Environmental cleanup costs
4. Picayune fines for pollution
5. Permissive regulatory oversight & tax evasion
6. Taxes shifted from corporations to customers through gas taxes
7. Low taxation
8. Money laundering & public corruption left uninvestigated
9. Wage theft
10. Carbon capture scams
Fact Sheet | Proposals to Reduce Fossil Fuel Subsidies (January 2024) | White Papers | EESI
www.eesi.orgNicole Parsons reshared this.
PKPs Powerfromspace1
in reply to Nicole Parsons • • •Nicole Parsons
in reply to PKPs Powerfromspace1 • • •@Powerfromspace1
Oil civil wars:
GOP fossil fuel donors are aligned with Saudi & Russian oil interests; they really appreciate it when the USA rids them of competition in the commodity markets
It also rids the Saudis of religious competitors too
politico.com/news/2019/11/13/tā¦
Genocide
theguardian.com/us-news/2024/mā¦
counterpunch.org/2024/01/26/hoā¦
bbc.com/news/world-africa-5109ā¦
Famine & regime change
en.m.wikipedia.org/wiki/Crisisā¦
thehill.com/policy/national-seā¦
washingtonpost.com/politics/20ā¦
academic.oup.com/jah/article/9ā¦
Jared Kushner says Gazaās āwaterfront property could be very valuableā
Patrick Wintour (The Guardian)Nicole Parsons reshared this.
Godfrey642
in reply to Nicole Parsons • • •#Netanyahu has zero intention of a peace deal or 2 state solutuion. He's wanted that land for years.
As for #Kushner types. I daresay there are parts of USA they can't wait to bulldoze once they have forcibly "repatriated" citizens if Trump wins.
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Nicole Parsons
in reply to Godfrey642 • • •@Godfrey642 @Powerfromspace1
GOP real estate interests see hurricanes & wildfires as opportunities at carpetbagging & cheap property
Much of the Eastern seashore got converted into playgrounds for the wealthy.
Disaster Gentrification is a consequence of fossil fuel funded catastrophes.
apnews.com/article/maui-hawaiiā¦
theenergymix.com/after-the-stoā¦
planetizen.com/news/2019/02/10ā¦
wwltv.com/article/news/local/oā¦
e360.yale.edu/digest/florida-hā¦
sciencedirect.com/science/artiā¦
route-fifty.com/infrastructureā¦
After the Storm: Tough, Expensive Rebuilds Can Lead to Gentrification
Mitchell Beer (The Energy Mix)Dale Steele
in reply to Nicole Parsons • • •