Joe Romm @ :Think Climate/Climate Progress is a font of information and turns up extrememly reliable information. So when you see an article which proves the lie to “credit freeze”, “recession” etc, it needs to be circulated.
ONLY A FEW WEEKS AGO FATIH BIRROL FROM THE I.E.A. STATED THAT FOR FUEL SECURITY UNTIL 2035 INVESTMENT “IN OIL” WOULD NEED REACH $38 TRILLION !!!!!! The money’s out there ……. in TAX HAVENS, FINANCIAL SECTOR BONUSES, UNREGULATED INTERNATIONAL TRANSPORT, AND, MORE DAMAGING, TAR SANDS DEVELOPMENT AND FOSSIL FUEL SUBSIDIES
For years, the oil industry has promoted itself as getting cleaner and investing in alternatives to oil. But when it comes to transportation fuels – still their main business – are oil companies truly going green and investing in cleaner alternatives to oil?
NRDC to Oil Companies: “Actually, We Don’t Agree”
Based on our research of the overall industry, our conclusions is a resounding “NO”. The oil industry as a whole has spent at least fifty (50x) times in producing more dirtier fuels sources such as tar sands than their entire global investments in producing renewable fuels.
Thanks to Climate Progress.
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