Kansas Progress Institute

Ad Astra Per Aspera ~ To the Stars Through Difficulties

The Political Economy of Carbon

Posted on March 10, 2017

By David Burress

At a reasonable guess, two thirds of carbon fuel reserves are going to have to be left in the ground to prevent overshooting an acceptable rise in mean global temperature (generally estimated at 2 deg, C).

 

That means that Exxon-Mobile and most other fossil fuel reserve owners are probably overvalued in the stock market by 200%.

 

And that means that the richest corporations on the planet can easily afford to spend a significant share of a trillion dollars on political manipulation in order to let them sell and burn that fuel, and thereby justify that inflated stock value, which as a side effect would drive most existing terrestrial ecologies into extinction.


Therefore you pretty much have to assume that anything you hear promoting CO2 sequestration or bad mouthing renewable energy has got some hefty carbon fuel money behind it.

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