Thursday, June 06, 2019
On the Other Hand
Britain's Chancellor of the Exchequer says switching to a zero-carbon reality by 2050 would cripple the UK economy to the tune of a trillion pounds. Of course, Philip Hammond, also warned that Tory backing for same-sex marriage would leave the Conservative party gored.
Hammond presumably imagines that Britain can have an economy even without a viable environment. He warns that the cost of fighting climate change would mean less money for schools and hospitals. Odd that a Tory would target those two, isn't it? And it does sound as though Phlip doesn't factor in the economic activity that will result from a switch to clean, alternative energy.
My guess? I suspect the good Chancellor is neck deep in BP stock.