Absolute carbon corrupts absolutely

Climate change is not just another policy item on the normal corporate and political agenda; it is a transformative issue which has life-and-death consequences. We face hard decisions as the economy moves to a low-carbon footing. In particular no carbon-intensive projects should be approved from now on, either for domestic or export use unless they incorporate proven, secure carbon sequestration technologies. This means a halt to industry expansion for the time being.

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One thought on “Absolute carbon corrupts absolutely

  1. Instead, the boosters are continually talking up the prospects of developing increasingly remote resources, and costly conversion technologies; fortunes are being made trading assets for inflated prices on which to build projects which will be largely uneconomic once the true price of carbon is incorporated.

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