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.


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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