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The article does not offer counter-arguments to balance its own hypothesis. It uses FUD profusely, including threats on "global security", and has a click-bait
by ojosilva 7y ago
The article does not offer counter-arguments to balance its own hypothesis. It uses FUD profusely, including threats on "global security", and has a click-bait title: the $47T is the combined assets of the banks pledging to align with the Paris agreement.
Yes, the oil and gas industry has rolling financial needs and we can't just stop depending on fossil from one day to the next, but it's all about creating a new ethical baseline where the planet, and not short term economic gains, become the priority.
The fate of fossil fuels has to follow what happened to slavery around 150-200 years ago. Back then slavery was also a huge economy that was considered absolutely crucial for making the world go 'round, but humanism became the baseline, changing how society perceived enslavement of human beings. Abolitionist laws were enacted and conflict followed, including long and bloody wars sponsored by the affected (land)owners and their partisans. I hope that's not the case now.