Paul B. Farrell: Big Oil’s civilization-ending pollution push
Big Oil’s civilization-ending pollution push
Commentary: And the U.S. Chamber of Commerce’s ‘insane’ plan
By Paul B. Farrell, MarketWatch
SAN LUIS OBISPO, Calif. (MarketWatch) — The Keystone XL pipeline linking Canadian oil and Texas refineries just got shot down. But very soon you can bet this new battleground in WWIV will explode with Big Oil billions attacking environmentalists.
High-risk, yet investors keep asking: Should we invest in Big Oil? Energy giants like Shell Oil, British Petroleum, ConocoPhillips, Chevron, ExxonMobil, coal giant Massey?
You have a choice: Are you focused solely on a piece of Big Oil’s estimated $150 billion short-term profits in 2012? Or are you investing for the long term, in a new America, in a sustainable planet for your grandkids, the one our next generation inherits in 2050? Here’s a new system for analyzing opportunities using both short and long criteria:
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The chamber is so pro-oil, so anti-science, so anti-environment that a couple years ago it questioned the science behind climate change, calling for a “Scopes monkey trial.” Earlier the chamber even filed a brief with the Environmental Protection Agency “arguing that climate change was no big deal” and “if somehow it happened, humans could adapt their physiology to deal with the heat.” .................(more)
The complete piece is at: http://www.marketwatch.com/story/big-oils-civilization-ending-pollution-push-2012-01-24
