18 Oct '11, 10pm

After Helping Cause Climate Change, Big Oil Now Set To Profit From It

After Helping Cause Climate Change, Big Oil Now Set To Profit From It

Oil companies have done much to contribute to climate change. Of course, they extract, distribute, and sell a product that, when burned, emits heat-trapping greenhouse gases. But they also have used part of their profits to engage in efforts designed to convince the public that this should cause no alarm. Finally, they devote even more of their resources to back politicians who obstruct climate and clean energy policies that would reduce carbon emissions at large. Their strategies have appeared to pay off -- now that we've emitted enough greenhouse gases into the atmosphere to drive significant climate change, the Arctic is increasingly ice-free in the summer. Which means more shipping lanes and drilling opportunities for the oil companies! Here's the New York Times : whatever the grim environmental repercussions of greenhouse gas, companies in Russia and other countries a...

Full article: http://www.treehugger.com/files/2011/10/cause_climate_cha...

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