Governments Should Subsidize the 90 fossil fuel companies to transition to renewables

We need to identify root causes.

Ordinary people are not the problem, 90 companies with the wrong products are. We need to tell them to transition us off of their deadly products into a more distributed economy running on renewables.

While we have Canada missing the farmers who could run solar and wind farms -while farming in Alberta like they do in Europe, Canadian taxpayers are financing the oil sands. Large scale policy shifts like this one are needed.

https://www.theguardian.com/environment/2013/nov/20/90-companies-man-made-global-warming-emissions-climate-change

We have seen the costs of bulking up on high rises, energy, food production, and industry and are now living with the tradeoffs, to our imminent demise. The increasing conservation movement is leading to larger preserved areas that may fail completely as we experience our recent extinction event. All of our assets for life are on the line because of global warming caused mainly by the products of these corporations now. We now know this.

Count Company Percentage of global industrial greenhouse gas emissions
1 China (Coal) 14.32%
2 Saudi Arabian Oil Company (Aramco) 4.50%
3 Gazprom OAO 3.91%
4 National Iranian Oil Co 2.28%
5 ExxonMobil Corp 1.98%
6 Coal India 1.87%
7 Petroleos Mexicanos (Pemex) 1.87%
8 Russia (Coal) 1.86%
9 Royal Dutch Shell PLC 1.67%
10 China National Petroleum Corp (CNPC) 1.56%
11 BP PLC 1.53%
12 Chevron Corp 1.31%
13 Petroleos de Venezuela SA (PDVSA) 1.23%
14 Abu Dhabi National Oil Co 1.20%
15 Poland Coal 1.16%
16 Peabody Energy Corp 1.15%
17 Sonatrach SPA 1.00%
18 Kuwait Petroleum Corp 1.00%
19 Total SA 0.95%
20 BHP Billiton Ltd 0.91%
21 ConocoPhillips 0.91%
22 Petroleo Brasileiro SA (Petrobras) 0.77%
23 Lukoil OAO 0.75%
24 Rio Tinto 0.75%
25 Nigerian National Petroleum Corp 0.72%
26 Petroliam Nasional Berhad (Petronas) 0.69%
27 Rosneft OAO 0.65%
28 Arch Coal Inc 0.63%
29 Iraq National Oil Co 0.60%
30 Eni SPA 0.59%
31 Anglo American 0.59%
32 Surgutneftegas OAO 0.57%
33 Alpha Natural Resources Inc 0.54%
34 Qatar Petroleum Corp 0.54%
35 PT Pertamina 0.54%
36 Kazakhstan Coal 0.53%
37 Statoil ASA 0.52%
38 National Oil Corporation of Libya 0.50%
39 Consol Energy Inc 0.50%
40 Ukraine Coal 0.49%
41 RWE AG 0.47%
42 Oil & Natural Gas Corp Ltd 0.40%
43 Glencore PLC 0.38%
44 TurkmenGaz 0.36%
45 Sasol Ltd 0.35%
46 Repsol SA 0.33%
47 Anadarko Petroleum Corp 0.33%
48 Egyptian General Petroleum Corp 0.31%
49 Petroleum Development Oman LLC 0.31%
50 Czech Republic Coal 0.30%
51 China Petrochemical Corp (Sinopec) 0.29%
52 China National Offshore Oil Corp Ltd (CNOOC) 0.28%
53 Ecopetrol SA 0.27%
54 Singareni Collieries Company 0.27%
55 Occidental Petroleum Corp 0.26%
56 Sonangol EP 0.26%
57 Tatneft OAO 0.23%
58 North Korea Coal 0.23%
59 Bumi Resources 0.23%
60 Suncor Energy Inc 0.22%
61 Petoro AS 0.21%
62 Devon Energy Corp 0.20%
63 Natural Resource Partners LP 0.19%
64 Marathon Oil Corp 0.19%
65 Vistra Energy 0.19%
66 Encana Corp 0.18%
67 Canadian Natural Resources Ltd 0.17%
68 Hess Corp 0.16%
69 Exxaro Resources Ltd 0.16%
70 YPF SA 0.15%
71 Apache Corp 0.15%
72 Murray Coal 0.15%
73 Alliance Resource Partners LP 0.15%
74 Syrian Petroleum Co 0.15%
75 Novatek OAO 0.14%
76 NACCO Industries Inc 0.13%
77 KazMunayGas 0.13%
78 Adaro Energy PT 0.13%
79 Petroleos del Ecuador 0.12%
80 Inpex Corp 0.12%
81 Kiewit Mining Group 0.12%
82 AP Moller (Maersk) 0.11%
83 Banpu Public Co Ltd 0.11%
84 EOG Resources Inc 0.11%
85 Husky Energy Inc 0.11%
86 Kideco Jaya Agung PT 0.10%
87 Bahrain Petroleum Co (BAPCO) 0.10%
88 Westmoreland Coal Co 0.10%
89 Cloud Peak Energy Inc 0.10%
90 Chesapeake Energy Corp 0.10%
91 Drummond Co 0.09%
92 Teck Resources Ltd 0.09%
93 Turkmennebit 0.07%
94 OMV AG 0.06%
95 Noble Energy Inc 0.06%
96 Murphy Oil Corp 0.06%
97 Berau Coal Energy Tbk PT 0.06%
98 Bukit Asam (Persero) Tbk PT 0.05%
99 Indika Energy Tbk PT 0.04%
100 Southwestern Energy Co 0.04%

Source:

https://www.theguardian.com/sustainable-business/2017/jul/10/100-fossil-fuel-companies-investors-responsible-71-global-emissions-cdp-study-climate-change

I am asking these companies to change their products as quickly as possible by investing in a renewables infrastructure urgently. Their circular economy which they rely upon, bulking up on high rises, energy, food production, and industry be changed to a distributed system. The concept of performance contracts for renewables can also be applied to designing less dense cities, downsize big steel, clean or carbon neutral energy, distributed smart, clean food production, and carbon neutral or negative industry. Their profit and financing models are too ambitious and are creating unrealistic iniquities with no effective benefits even to the grandiose profit takers doing this at the expense of our collective human existence.

This Saudi Prince made some real meaning happen with his fortune. He gave it away in an organized fashion. His charity will mean something in the long term if others in the same demographic pare down stagnant and unearned or non critical income focusing on CO2 intense products in the same fashion to power their lives, businesses and income on renewables: 

https://www.telegraph.co.uk/news/worldnews/middleeast/saudiarabia/11712286/Billionaire-Saudi-prince-to-give-away-32-billion-fortune.html

 

The only way to help greed, money and wealth addictions is through consequences. The consequences from a frenetic paradigm of growth are in full swing and are going to increase. The beliefs around money range from believing that GOD blesses only those who can multiply money- as in the case of the biblical story of the talents; others believe that past lives of merit causes the wealthy to be chosen to those lives. On a small planet today, the bulked up enterprises and all of the imbalances in the ecology, income brackets and economies don’t look so divinely guided now. The industrial revolution banked on the combustion engine and brought us to danger. We all have to embrace what we face, and embrace the shift we are being confronted with. This moment in our time is critical as we face so much. The root causes of what has happened need to be very clear.

Advertisements

One thought on “Governments Should Subsidize the 90 fossil fuel companies to transition to renewables

  1. The study of atmospheric water vapor provides relatively dramatic and clear effects on BB properties in our whole system, but actually makes it a grey body, where lots of study and debate have room to exist. Give your own study another ten years…

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s