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The companies and even more so their management are just intermediaries. Oil companies are not producing oil for the sake of it or to raise carbon dioxide level
by danbruc 3y ago
The companies and even more so their management are just intermediaries. Oil companies are not producing oil for the sake of it or to raise carbon dioxide levels, they are doing it because people buy the stuff made from oil and they can make a profit from it. So the laws you want are laws that discourage people and companies consuming oil and gas. With regard to lobbying and corruption, there many of the laws are probably already in place, I would guess, they just have to be properly enforced.
- appplication 3y agoTaxes are hands down the best way to handle this “as long as there’s demand someone will produce supply” tragedy of the commons. Taxes can be progressively introduced and are completely compatible with our existing legislative, legal, accounting frameworks. They also scale naturally with usage, impacting large users disproportionately with smaller users. It will also disproportionately increase prices for carbon-intensive products and services. Proceeds can be applied towards climate mitigation solutions and climate tech research. This will not solve all problems. But it would be unreasonable to suggest that some incremental tax would not have beneficial effects. Tax oil at the source. Right now oil is one of the most profitable industries in the world. That is not a tenable or stable position.