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The oil industry's decommissioning costs will dwarf those of nuclear power. The money being made now should be put aside to meet them.
Has BP ever made a profit? The question looks daft. The oil company posted profits of $26bn last year(1). There’s no doubt that BP has been pumping money into the pockets of its shareholders. The question is whether this money is what the company says it is. BP calls it profit. I call it the provision the firm should be making against future liabilities
The harm this country could do in the next two weeks will outweigh all the good it has done in a century.
Until now I believed that the nation which has done most to sabotage a new climate change agreement was the United States. I was wrong. The real villain is Canada.
Quietly in public, loudly in private, climate scientists everywhere are saying the same thing: it’s over. The years in which more than two degrees of global warming could have been prevented have passed, the opportunities squandered by denial and delay. On current trajectories we’ll be lucky to get away with four degrees. Mitigation (limiting greenhouse gas pollution) has failed; now we must adapt to what nature sends our way. If we can.
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