A Quote by Desmond Tutu
The fossil reserves that have already been discovered exceed what can ever be safely used. Yet companies spend half a trillion dollars each year searching for more fuel. They should redirect this money toward developing clean energy solutions
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We have already used more than half of that budget. This means that three quarters of the fossil fuel reserves need to stay in the ground, and the fossil fuels we do use must be utilized sparingly and responsibly.
When you think about the current present value of the fossil fuel reserves that are on the books, the current fossil fuel companies, the last time that that much wealth was at stake was when the South fought the Civil War.
It is my view that what is important is cutting government spending, however spending is financed. A so-called deficit is a disguised and hidden form of taxation. The real burden on the public is what government spends (and mandates others to spend). As I have said repeatedly, I would rather have government spend one trillion dollars with a deficit of a half a trillion than have government spend two trillion dollars with no deficit.
There isn't a single government agency that can't function. There's more money in this federal government, there's more money allocated than these people can possibly spend. They have to concoct asinine ways to spend it, like advertising for new food stamp users. I've gotten to the point, I'm just so righteously indignant and offended at the very idea that our government could ever run out of money when we've got a printing press, for crying out loud. Printed three and a half trillion dollars over seven years and flooded Wall Street with it.
President Obama's call for nearly a half-trillion dollars in more government stimulus when America has more than $14 trillion in debt is guided by his mistaken belief that we can spend our way to prosperity.
It is a fact that many of the wars and conflicts happening all over the world are aggravated or fought strictly for geopolitical fossil fuel energy interests, and many of the world's most dangerous regimes are funded by fossil fuel dollars.
Every candidate running for president has got to answer the following very simple question: At a time when we need to address the planetary crisis of climate change, and transform our energy system away from fossil fuels and into energy efficiency and sustainability, should we continue to give $135 billion in tax breaks and subsidies over the next decade to fossil fuel companies?
Coal used to be a very dirty fuel but coal has become cleaner and cleaner over the decades. Clean coal now is quite clean. Clean coal now has the same emissions profile as natural gas. Clean coal can become cleaner still. We can take even more of the pollutants out of coal and I believe we should. Clean coal, I think, is the immediate answer to Canada's energy needs and the world's energy needs. There are hundreds of years available of coal supplies. We shouldn't be squandering that resource. We should be using it prudently.
The record-breaking extreme weather events causing chaos across the globe should be a wake-up call. The transition to a low-carbon economy will be much more painful if we wait until there is a climate crisis before recognising that more than half of the world's fossil fuel reserves will have to remain in the ground.
In sectors like energy, I haven't been arguing for more spending per se; I've been arguing that it doesn't make sense for us to spend $4 billion subsidizing an oil industry that's mature and very profitable. We should be using that money to finance clean energy of the future.
OK, so $1 trillion is what it costs to run the federal government for one year. So this money's going to run through September of 2016. Half of the trillion dollars goes to defense spending and the Pentagon. The other half goes to domestic spending - everything from prisons to parks. So there's also about 74 billion in there that goes to the military operations that we have ongoing in Iraq and Afghanistan and Syria.
Even if I had money to invest I wouldn't invest it in oil companies - - or their bankers, suppliers, customers ... really that means the whole stock market. I'm not opposed to divestment, but I think by itself it won't get very far. The demand is still there, the fossil fuel infrastructure is still there. Where I would like to see our political energy go is to stop ecocide on a local and bioregional level. Each new energy project involves horrible abuse of mountaintops, groundwater, forests, etc., because all the easy resources have already been extracted.
...if we get the right kind of energy, there are endless amounts. I think we should be developing every kind of alternative fuel that is available to us. That includes hydrogen to soybeans, from solar to wind. Whatever we can find that is going to help us clean up the environment we should be working really hard on developing.
The sunshine that strikes American roads each year contains more energy than all the fossil fuels used by the entire world.
...There's a lot of money in the Western diet. The more you process any food, the more profitable it becomes. The healthcare industry makes more money treating chronic diseases (which account for three quarters of the $2 trillion plus we spend each year on health care in this country) than preventing them.
I did very much like [Barack] Obama's attack on fossil fuel subsidies for fossil fuel companies. We asked for that in demonstrations and petitions, and now we'll try to push it forward.
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