Money and Power Versus Armageddon

Published December 12, 2022 by Nan Mykel

Gelles is writing a series of articles about groups working to promote fossil fuels and block climate action.

“No one is saying banks need to stop funding cement production, or shipping, or aviation, right? Those are necessary industries that have a credible [transition] path,” said Cushing of the Sierra Club.

But “fossil fuel producers, whose core business is pulling hydrocarbons out of the ground and burning them, don’t have a credible pathway to do that,” he added. “That’s the hard truth that a lot of financial institutions don’t want to admit out loud.”

Reprinted from E&E News with permission from POLITICO, LLC. Copyright 2021. E&E News provides essential news for energy and environment professionals.     By SCIENTIFIC AMERICAN

HERE’S THE MIND BLOWER:

_____________________

Texas’ Climate Threats – States at Risk

https://statesatrisk.org › texas › Texas currently faces the worst threat from widespread summer drought among the lower 48 states. By 2050, the state is projected to see an increase in severity.  Yet, gambling for their last dollar, Texas is in a state of denial:

From <https://www.google.com/search?rlz=1C1SQJL_enUS879US879&sxsrf=ALiCzsaazeE-DibgH6pte10R-:1670849329772&q=What+is+Texas+doing+about+climate+change&sa=X&ved=2ahUKEwifsJjmjvT7AhU1lIkEHfqsDAUQ1QJ6BAgzEAE&biw=1600&bih=749&dprAihXT63Cw=1>

Jason Isaac, director of the Life:Powered initiative of the Texas Public Policy Foundation: “Today, I’m thankful to live a high-carbon lifestyle and wish the rest of the world could too,” he tweeted on Thanksgiving.Credit...Montinique Monroe for The New York Times
Nan says: I still haven’t been able to retrieve the info re some state officials punishing banks that support climate change.  Not  enough time these days.  Share if you have the source?

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