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If Big Oil/Coal pushes us to the point that climate change is on the verge of causing the collapse of civilization as we know it, I am sure they will react in s
by slg 7y ago
If Big Oil/Coal pushes us to the point that climate change is on the verge of causing the collapse of civilization as we know it, I am sure they will react in some way. So your point is probably both ludicrous and fair. Although that just leads to a semantic debate because the externality would then be internalized since the people in the market would be directly impacted to the same degree that people outside the market would be. Either way, it is idiotic to wait around twiddling our thumps long enough to find out.