Big Oil
Worth: What do you
say to those who are heavily invested in the fossil fuels industry? There
are significant vested interests in the status quo.
Some in the group you are
describing seem determined to fight against reality itself and promote public
confusion about global warming by relying on what can be called propaganda. Just
to take one example, the executive team at Exxon-Mobil. They began, with the
immediate past CEO, to spend millions of dollars per year to finance the
spreading of disinformation designed to prevent the formation of rational
policies on global warming. They’ve gotten away with it to an astonishing
degree, but they are just putting off their payment to the piper. They have not
distinguished themselves in the process. But sooner or later, they are going to
have to look the truth squarely in the eye: Big changes are looming for
them.
This happened before with the surgeon general’s report linking
cigarette smoking to lung cancer in 1964. Some of the tobacco companies hired
scientific prostitutes to promote the view that there was no credible evidence
supporting the surgeon general’s conclusions. And America continued to lose more
people to smoking-related premature death every year than all Americans killed
in World War II. Now the companies that did that are in disrepute. Years from
now, Exxon-Mobil’s behavior currently will be seen in the same way. It’s
immoral. Green Technologies Worth: As the
world’s largest emitter of greenhouse gasses, the United States will have to
bear an enormous economic burden in addressing global warming. If we see the reality of this
challenge just in terms of burdens, we run the risk of completely missing the
opportunities involved. The automobile companies, for example, have successfully
lobbied for the lowest emissions and lowest mileage requirements of any advanced
country on Earth. The auto companies elsewhere have been producing cars that are
far more efficient in terms of mileage or emissions. The stated purpose was to
safeguard the supposed economic benefits to our automobile companies. Yet, both
GM and Ford, unfortunately, are losing market share and market capitalization at
an alarming rate. The companies that are doing well, like Toyota, are those that
have taken the lead in producing hybrids and more-efficient cars and trucks. The
U.S. companies are still betting on advertising-led gas-guzzler strategies that
American consumers are turning away from in droves. If our companies had looked
at this in terms of the opportunities it presented, we might well be leading the
world today instead of lagging behind and trying to stave off bankruptcy. Kyoto Worth: One of the
reasons the Bush administration gave for refusing to sign the Kyoto treaty
was that it would have imposed a burden on the U.S. economy that emerging
economies like India and China would not have to bear. Is there some
validity to this argument? No, only superficially. Every
international agreement since the end of World War II has involved a basic
equation differentiating the obligations of the wealthier industrial countries
and those of poorer developing economies. The precedent for Kyoto was the
Montreal Protocol of 1987, which addressed the first crisis of the global
environment, the stratospheric ozone depletion problem. The world agreed to a
historic treaty in Montreal that has worked to solve the problem. The formula
involved the industrial countries acting first, developing the technologies and
methodologies to address the issues, then the poorer nations were brought on
board in a second phase a few years later. In 1990, the London Amendments
toughened those standards, and all nations of the world are now abiding by
them. When the nations of the world met in Kyoto, that same basic
formula was applied to phase in the obligations of the wealthy nations first,
and those of developing nations in the second phase. The idea that poor nations
with a standard of living and per capita income only a tiny fraction of ours
being asked to shoulder the burden of solving a problem we have largely created
would be a formula for complete deadlock for any effort to solve a global
problem like this.
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