Tuesday, June 23, 2015

Oxfam Fingers the "Toxic Triangle"

Oxfam has identified three factors, the Toxic Triangle, it considers most likely to defeat our efforts to prevent runaway global warming - political inertia, financial short-termism, and vested fossil fuel interests.

“The fossil fuel industry has conjured a toxic triangle that is trapping us into a warming world. Governments and investors are helping the industry to recklessly protect its own profits at the expense of us all. The world’s poorest are already being hit hardest and millions more will be made hungry by climate change,” the Oxfam chief executive, Mark Goldring, said. 
Oxfam says the “toxic triangle” supported spending of more than $674bn (£423bn) on fossil fuels in 2012. Investment in the industry was propped up by tax breaks, government incentives and an estimated $1.9tn of subsidies a year. More than $500,000 a day was being spent on lobbying US and EU governments, it says.
at

4 comments:

  1. Anyong11:34 AM, June 23, 2015

    In order for anything to happen regarding the environment, half the world's population needs to drop of the face of the earth. And if that means me, so be it. The Pope can be a leader regarding this troubling issue but will he? Anyone can talk about the environment and what needs to be realized, buy it is imperative, the population problem be included. All the world has to do at the moment, is look at what is happening in India and Pakistan regarding heat and water at the moment.

    ReplyDelete
  2. The Mound of Sound1:10 PM, June 23, 2015

    That's rather off-topic, Anyong. I have your point and have dealt with it repeatedly, most recently in the post "And the band played on."

    ReplyDelete
  3. FFIBS1:33 PM, June 23, 2015

    MoS you've created an echo chamber, chamber, cha....

    ReplyDelete
  4. The Mound of Sound2:22 PM, June 23, 2015

    I suppose you're right, Willy. But isn't that the product of an empty vessel?

    ReplyDelete