16 Aug '11, 12pm

S&P Downgrades Planet Earth, Citing Unbalanced Carbon Budget, Reckless Political Debates and Role of “Deniers”

S&P Downgrades Planet Earth, Citing Unbalanced Carbon Budget, Reckless Political Debates and Role of “Deniers”

Washington, D.C.—In a move that came as a shock both in this city and throughout the planet on which it is located, Standard & Poor’s late Monday downgraded Earth from its unique HHH rating—the only one in the galaxy—to HH+. The coveted HHH rating—meaning, “extremely habitable”—has become indefensible, the ratings agency said, due to continuing failures to balance the atmospheric carbon budget and an increasingly toxic political debate that renders better policies unlikely any time soon. “Atmospheric carbon inputs continue to outweigh carbon outputs (or sinks), leading to a growing and unsustainable carbon ‘surplus,’” wrote S&P. “Unlike fiscal surpluses, this surplus is very dangerous and is already triggering rising temperatures, heat waves, droughts, and extreme weather patterns.” Under the new HH+ rating, the Earth is still considered “highly habitable” for humans. Howe...

Full article: http://www.desmogblog.com/sp-downgrades-planet-earth-citi...

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