Re:The $47T Death Sentence for Oil and Gas
by paulsutter on Thursday September 26, 2019 @10:27AM
(#21081149)
Banks are an important conduit to financing oil and gas projects, but the banks themselves are not significant investors, so this “death sentence” narrative is nonsense
A gradual carbon tax, that starts out at a level that’s politically acceptable, and grows to become massive, is what’s needed
> Around 130 international banks, all present at the UN climate change summit in New York, have committed themselves to decrease their support and investments in the oil and gas sector the coming years.
A gradual carbon tax, that starts out at a level that’s politically acceptable, and grows to become massive, is what’s needed
> Around 130 international banks, all present at the UN climate change summit in New York, have committed themselves to decrease their support and investments in the oil and gas sector the coming years.