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That isn’t at all the analogy. Quit reducing this to a war on climate. The “way the world is” corporations are highly mobile, and they engage in regulatory arbi

by kolbe 5y ago

That isn’t at all the analogy. Quit reducing this to a war on climate. The “way the world is” corporations are highly mobile, and they engage in regulatory arbitrage. If RDS’s home country wants to put an onerous requirement on them, they will leave to a country that won’t. If landing a tiny little punch on RDS in order to lose hundreds of millions (if not billions) of dollars in import revenue to their country, then sure, this is a win. But this won’t materially affect climate change. This won’t even materially affect RDS. It will materially affect the Dutch people who have come to depend on the economic benefits of having RDS headquartered in their town/country.

epistasis 5y ago
Not really sure how what you describe here relates to the story from The Wire. But in any case, this will materially affect climate change in as far as NL is going to be reducing their carbon footprint. It will materially affect climate change in that it will embolden further lawsuits, in other countries. It will materially benefit the Dutch people in that either Shell will switch away from fossil fuels to more economically efficient carbon free economic activity, or Shell will leave and the Dutch will have some other business take the place that it better suited to the future. Today, activist investors took over 2-3 seats on Exxon's board to push Exxon to a lower carbon future. Finance is already fleeing from exploration of new fossil fuel. Fossil fuel companies are taking out loans to pay dividends, to trick investors into thinking that nothing is wrong. Their stock prices are taking a nose dive. Shell, and all the oil majors, have a very short time period to change their ways, or they will be abandoned by investors as they have destroyed their future earnings potential, and acquire massive liability for their externalities.

by kolbe 5y ago

epistasis 5y ago

Not really sure how what you describe here relates to the story from The Wire. But in any case, this will materially affect climate change in as far as NL is going to be reducing their carbon footprint. It will materially affect climate change in that it will embolden further lawsuits, in other countries. It will materially benefit the Dutch people in that either Shell will switch away from fossil fuels to more economically efficient carbon free economic activity, or Shell will leave and the Dutch will have some other business take the place that it better suited to the future. Today, activist investors took over 2-3 seats on Exxon's board to push Exxon to a lower carbon future. Finance is already fleeing from exploration of new fossil fuel. Fossil fuel companies are taking out loans to pay dividends, to trick investors into thinking that nothing is wrong. Their stock prices are taking a nose dive. Shell, and all the oil majors, have a very short time period to change their ways, or they will be abandoned by investors as they have destroyed their future earnings potential, and acquire massive liability for their externalities.