HappySqurriel on 27 June 2009
| megaman79 said: ^ You know i think its an unfortunate repurcussion of global capitalism, the belief that trade of carbon credits is the best solution. Market forces, blah blah blah. Your correct in saying that there is alot of money to be made, and some companies are interested in profiting through the use of lobbyists, but the truth is there are many more lobbyists working against climate change legislation than for it. |
Oil companies have very little motivation to fight "Global Warming" anymore ...
Oil companies can spend billions trying to fight global warming and then spend billions to convince the governments of the world to allow them to explore and develop new energy sources to keep oil at less than $100 per barrel; or they can do nothing, pay $40 for the production cost of the oil, $60 for the carbon credit and sell it for $500 per barrel.
