A Quote by Alexandria Ocasio-Cortez
It was really my experience at Standing Rock that was pretty pivotal for me because I saw how corporations were literally militarizing themselves against American citizens so that they could kind of maximize their profit margins on fossil fuels.
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Think how weird profit margins are: We've got high unemployment and financial crises - and world record profit margins. People think the American market is very cheap. We don't. The market quite incorrectly gives full credit to today's earnings.
A majority of American citizens are now becoming skeptical of the claim that our carbon footprints, resulting from our use of fossil fuels, are going to lead to climatic calamities. But governments are not yet listening to the citizens.
We could replace people with fossil fuels, have higher and higher levels of industrialization, of agriculture, of production, without thinking of the green-house gases we were admitting, and climate change is really the pollution of the engineering paradigm, when fossil fuels drove industrialism. To now offer that same mindset as a solution is to not take seriously what Einstein said: that you can't solve the problems by using the same mindset that caused them.
You'd have to put yourself back in the 1960s to understand how separate from the mainstream of American life soldiers felt themselves to be, because we knew that students and others were demonstrating pretty violently against what we were doing.
To maintain our economic and national security, we must maximize all of our nation's energy resources, including renewable sources, alternative fuels, and fossil fuels, all in a way that balances economic development and protecting our environment.
We have to start processing what we're really made of in America. American character is not dead. American integrity and honesty are not dead. When we're backed up against the wall against the largest corporations in the history of corporations, it's there.
I try to build on our management philosophy. I try to understand what the threats and opportunities are for us. Uh, I try to make sure that we're driving innovation and creative destruction hard enough so we're not blindsided, and that our attitude is to, in starting any initiative, any business, is to focus on how we can create value for others, rather than how we maximize profit, because you can make money focusing on, "How do I maximize profit?"
If burning fossil fuels was so bad that it threatened our very existence, how could we just continue like before? Why were there no restrictions? Why wasn't it made illegal? To me, that did not add up.
Which is supposed to mean they're doing something in their broadcasting they would not do is they were simply out to maximize profit; if they were really public service institutions, not purely profit maximizing institutions.
We're going to get off fossil fuels, no question. We may not do it quickly enough to avoid some pain, and I'm quite worried about that. But by the 22nd century, there's no way we'll be on fossil fuels.
Coal and oil lobbyists added fossil fuels to a bill aimed at helping American manufacturers, so they too could claim 'manufacturing' tax deductions.
We shouldn't have stupid cars that use liquid fossil fuels. Come on, how outmoded is that? We have to get to the point where this is no longer a part of our experience.
The issue of climate change is one that we ignore at our own peril. There may still be disputes about exactly how much we're contributing to the warming of the earth's atmosphere and how much is naturally occurring, but what we can be scientifically certain of is that our continued use of fossil fuels is pushing us to a point of no return. And unless we free ourselves from a dependence on these fossil fuels and chart a new course on energy in this country, we are condemning future generations to global catastrophe.
All scientists who've looked at it know we have to phase away from burning fossil fuels. That means we've got to put a lot of effort into alternate energy technologies, but we're still subsidizing fossil fuels and not subsidizing most of the alternatives. It's not going to be an easy transition.
And in the process, we have come up with fuels - algae-based fuels, isobutanol-based fuels and other fuels - that we think will power the planes in the future so that, you know, by 2020 I hope that our planes will be powered on fuels that are clean fuels and are not polluting the environment so that we'll have a green airline and an airline that actually has fuels that will be hopefully cheaper than the dirty fuels of the past. So [we're] doing good and also turning a profit at the same time.
Percentage margins are not one of the things we are seeking to optimize. It’s the absolute dollar free cash flow per share that you want to maximize, and if you can do that by lowering margins, we would do that. So if you could take the free cash flow, that’s something that investors can spend. Investors can’t spend percentage margins.
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