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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85 comments

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?
  
  Can you prove that it's the same amount?
  
  Many people do that because it is economically beneficial for them. Do you think that most solar panels on the house roofs are done because people want to be green?
  
  That is not proof that it's the same amount. Is the debt plus interest the same amount as you save in electricity? Can you demonstrate this claim?
  
  In most cases, installing residential solar panels is worth it.

85 comments