How the rich are burning our future

October 1, 2020
Issue 
Used with permission of Alan Moir moir.com.au

Annual global carbon emissions grew by 60% between 1990 and 2015, approximately doubling total global cumulative emissions in 25 years and catapulting the world towards catastrophic climate change.

According to a聽 by the Stockholm Environment Institute, released 产测听 on September 21, the consumption of the world鈥檚 richest 10% accounts for 46% of that rise in emissions.

The world鈥檚 poorest 50% 鈥 an average of 3.1 billion people between 1990 and 2015 鈥 account for just 6% of those carbon emissions.

The richest 1% 鈥 63 million people 鈥 contributed three times more towards the increase than the poorest half of the world鈥檚 population.

These numbers are shocking, but they still understate how much and how fast the rich are exhausting the global carbon budget 鈥 a budget the world needs to have more than 50% chance of avoiding a 1.5掳C rise in temperature above pre-industrial levels.

This is because the calculations are based on household consumption.

Only a small proportion of the incomes of the rich go in household spending; most is used as capital 鈥 which is the power to force other people to work to increase the wealth of the rich.

That capital wields its power through the biggest and most powerful corporations 鈥 .

On top of this, some of these companies have been funding climate denialist groups and politicians in a bid to block serious action to address the climate emergency.

Just as the tobacco industry tried to cast doubt on the proven dangers of smoking, ExxonMobil has been聽 running a campaign of deception to undermine the science supporting global warming.

BBC reporter Pheobe Keane said on September 19 that a former Exxon-employed research scientist Martin Hoffert had blown the whistle on the big oil company鈥檚 deliberate attempts to hide its responsibility for global warming after he had shown his managers modelling about how burning fossil fuels caused global warming.

鈥淏ut this isn鈥檛 just about Exxon鈥檚 past actions. In the same year as the Levine presentation, 1989, many energy companies and fossil fuel dependent industries came together to form the Global Climate Coalition, which aggressively lobbied US politicians and media.

鈥淭hen in 1991, the trade body that represents electrical companies in the US, the Edison Electric Institute, created a campaign called the Information Council for the Environment (ICE) which aimed to 鈥楻eposition global warming as theory (not fact)鈥. Some details of the campaign were leaked to the聽New York Times.鈥

Keane added that the ICE campaign targeted 鈥渙lder, lesser educated males from larger households who are not typically information seekers鈥 and 鈥測ounger, low-income women鈥, who could be targeted with bespoke adverts that would liken those who talk about climate change to a hysterical doom-saying cartoon chicken!

There is no hiding the cynicism and cruel disdain for the poor of these nasty corporate manipulators.

They want to reinforce ignorance in the exploited to keep the exploiters on top.

But, in the end, even they are just the minions for the rich, who risk burning up the future just to keep corporate profits rolling in.

A joint 产测听Unearthed 补苍诲听HuffPost has tracked Shell and BP鈥檚 hidden support for at least eight trade organisations lobbying against climate measures in the United States and Australia.

This cast doubt on the public commitment made by the two companies earlier this year to increase corporate transparency and to help bring planet-heating emissions to net zero over the next few decades.

鈥淚n the United States, both Shell and BP support groups such as the Alliance of Western Energy Consumers, which crusaded against Oregon鈥檚 efforts to put a price on carbon emissions, and the Texas Oil & Gas Association, a trade group in the nation鈥檚 top oil-producing state battling rules to restrict output of methane, a super-heating greenhouse gas,鈥 HuffPost said.

鈥淚n Australia, the two giants back the Australian Petroleum Production & Exploration Association and the Business Council of Australia, two groups fighting to undercut the country鈥檚 contributions to the Paris climate accords. Shell, meanwhile, quietly held its seat on the Queensland Resources Council, a key advocate of building the world鈥檚 largest coal mine.鈥

The future is literally toast if profit-driven corporations and the world鈥檚 rich continue to run the world.

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