BP scaling back climate pledges shows why corporations can’t be trusted to lead green transition
BP's decision to cut $5 billion from its low-carbon investment plan while increasing fossil fuel spending highlights the challenges of relying on corporations for climate leadership
Being against both Big Oil and the (falsely labeled) Green Transition is a strange place to be in today's world.
Both do nothing to the fight climate crisis and both accelerate the effects of climate change.
The only measurably effective course of action is degrowth; a reining in of the worst of human activities that caused this crisis to begin with.
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"Current interventions at the symptom-level often do more to maintain the status quo than to address the drivers of ecological overshoot. Accepted approaches are generally technological interventions requiring immense amounts of raw materials and generating proportional ecological damage. For example, the much-hyped wholesale transition of our energy systems from fossil fuels to renewables would require daunting levels of raw material and fossil fuels in a futile struggle to meet humanity's ever-growing demands.69–72 Even if successful – which is not likely73 – the energy transition would address only a single symptom of ecological overshoot, likely worsening other symptoms significantly in the process. As noted earlier, it is humanity's access to cheap, convenient energy that has allowed us to overshoot many planetary boundaries.7,74 Would anything else change simply because we substitute one form of energy for another?"