1y ago

Big oil quietly walks back on climate pledges as global heat records tumble

www.theguardian.com Big oil quietly walks back on climate pledges as global heat records tumble

Energy firms have made record profits by increasing production of oil and gas, far from their promises of rolling back emissions

Leading energy companies are intent on pushing the world in the opposite direction, expanding fossil fuel production and insisting that there is no alternative. It is evidence that they are motivated not by record warming, but by record profits, experts say.

BrainWorms @lemm.ee

Big oil quietly walks back on climate pledges as global heat records tumble

www.theguardian.com /us-news/2023/jul/16/big-oil-climate-pledges-extreme-heat-fossil-fuel

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TechNews @radiation.party

Big Oil quietly walks back on climate pledges

www.theguardian.com /us-news/2023/jul/16/big-oil-climate-pledges-extreme-heat-fossil-fuel

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World News @lemmy.ml

Big oil quietly walks back on climate pledges as global heat records tumble

www.theguardian.com /us-news/2023/jul/16/big-oil-climate-pledges-extreme-heat-fossil-fuel

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I honestly do not think that it is oil companies that should fight climate change. They should provide oil derived product as required by economy. It is OUR COLLECTIVE RESPONSIBILITY to act. Through individual choices, through government incentives, through carbon taxes and so on. To expect that all oil companies together will act against their profits and interests is naive.
- Did an oil company write this?
  
  I hope so. You'd have to be crazy to think like that otherwise.
  
  He is trying to say make oil unprofitable or coerce change through the "proper channels." They control the proper channels through lobbying. So that is not really going to change anything.
  
  No, they are not, at least not completely. Oil industry is just a fraction of the whole economy. And anyway, trying to do it "through proper channels" is infinitely more productive than expect oil companies to become green out of good of their heart or something.
  
  The oil industry is 100% of the economy. Double oil prices and see what happens to the price of everything else.
  
  Double price of electricity… double price of labor… double price of real estate and office space costs… there are a lot of ways one can ruin economy, so what?
  
  Yes, attack the messenger, not the message. Leads to good and intellectual discussions.
- Yes, because oil companies are totally NOT spending millions of dollars fighting every possible movement, organization or act to hold them responsible for the damage they're causing. Clearly, we just need to hold hands and everything will be solved!
  Also, as an individual, you don't choose whether the electricity you get comes from a gas power plant, hydro dam, coal or something else. You don't get to choose whether the thing you're eating was transported from a diesel truck or an electric vehicle. There are many, many steps before you get a final product that needed fossil energy
  
  Actually, you can change your provider and chose more green provider. Also, if you own the house, you can put solar on your roof.
  
  I cannot change my energy provider. I cannot install solar either, because I live in an apartment. I can maybe put some cells outside my windows, but they'd only be effective for less than half the sunlight hours.
  Even if solar was installed in the building I currently live in, we'd have to pay the energy provider for any excess electricity we generate into the grid. Yeah, it's that fucked up where I live.
  The world isn't a copy of where you live.
  
  Then the only thing which is left for you is voting and convincing other people to vote for representatives who can change these laws.
  
  I do my part, but I don't have the money to fight rich assholes and their seemingly endless supply of money financing bullshit arguments and political lobbying.
  
  Maybe you can, but much of the world operates under effective utility monopolies. On your other point, how is that helpful when the average cost to do so is in the dozens of thousands of dollars, while the average American holds less than $1000 in savings?
  
  When I was installing it on my house it costed me exactly 0$. Essentially the solar panel company rented my roof space installed panels there and sold me electricity. The cost of electricity was even cheaper for me, since there were no delivery charges.
  Alternatively - take credit. While I have not done these calculations, it is plausible that you get even or even benefit from installing solar panels while taking credit (this would work better few years ago, when the rates were low)
  
  No I can't. I have one option. One company. That's it. And solar would cost me about $15,000. And that's not counting a battery. Maybe you're rich, but I'm not.
  
  15K is not rich for US. It is 1/3 of a new car price ($46,290 in 2022). It might be not very doable for you, personally, but I bet that majority of households can afford this, especially since they will get free electricity after that, and if they truly worry about climate change. If not, then why do they require for oil companies to make financial sacrifices, but not for themselves (even if it is a sacrifice at all)?
  
  People can't even afford food right now because of inflation. 60% of Americans live paycheck to paycheck. They can't afford solar panels either.
  
  Some people, not all.
  
  Yes, 60%. I just said that.
  i.e. the majority.
  
  That statistics might be true, but at the same time 90% of US households have at least one car, and about 60% have 2. Installing solar panels is roughly cash neutral or even positive depending on location. You can take a bank loan and install the panels and the payment back to bank will be comparable to savings you get from not paying for electricity.
  
  Oh sure, that's what Americans need. Even more debt. Great idea.
  
  What's the difference of paying debt vs paying for electricity if you pay the same amount?
- Expecting oil companies to solve climate change is like expecting car companies to solve traffic jams.
  It's naive thinking.
  Carbon taxes and cheap nuclear power. We have had the two main required policy tools and technology since the 1980s to solve climate change.
  
  Those two things are great solutions for the billionaires but absolutely suck for everyone else, no wonder you see them pushed so much.
  The first is a tax which will strongly affect the poor while allowing the rich to continue as normal, the second allows the rich to control power generation and essentially continue the monopoly rather than move towards decentralised sources which can be community run.
  We need to switch from a greed based system which obsesses over displays of wealth and move to a more ecologically sound way of existence, but people can't even consider taking the slightest responsibility for their lifestyle
  
  Carbon taxes just offload the emissions to poorer regions. This has been studied extensively.
- Respectfully, you are removed

85 comments