A Quote by Jeffrey Sachs

Everybody needs to understand that policies are going to change to make it unprofitable if you wreck the planet, those companies that continue exploring and developing fossil fuel resources for which there is no safe use are going to pay a very heavy cost for that.

Jeffrey Sachs

Quote Topics

Body Needs Change Companies Continue Cost Developing Everybody Exploring Fossil Fossil Fuel Fuel Going Heavy Make Needs Pay Planet Policies Resources Safe Those Understand Use Very Which Wreck

Quote Author

Jeffrey Sachs
American - Economist
Born: November 5, 1954

We can't change the fossil fuel companies' behavior in isolation from the rest of the industrial system. As long as they have customers, they're going to continue to operate, whether or not we divest of their stock. However, divesting might be helpful in terms of disrupting the story that what these companies do is perfectly okay. This situation differs from apartheid in a key regard though: racial equality in South Africa was no threat whatsoever to capitalism as we know it. Ending the fossil fuel era is a much deeper change.

Charles Eisenstein

Britain has squandered its windfall of natural resources from North Sea oil and gas. Instead of prudently investing the 'unearned income' from nature, to build a safe, clean and green energy supply for the nation, we face unnecessary shortages. But there is still a chance to put the proceeds from liquidating our fossil fuel assets to better and more appropriate use. Instead of oil companies profiteering from climate change and oil depletion, a windfall tax could establish an Oil Legacy Fund to pay for Britain's urgent transition to a sustainable, decentralised energy system

Andrew Simms

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.

Bill McKibben

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?

Bernie Sanders

The best way to look at any business is from the standpoint of the clients. So there are these certain basic things that aren't going to change. Companies are going to have needs for equity, debt, advice, FX, and derivatives. Individuals are going to have needs for auto loans, mortgages, something that looks like a deposit account, and the ability to send money to people. Those things aren't going to change.

Jamie Dimon

If [a student's] college’s endowment portfolio has fossil-fuel stock, then their educations are being subsidized by investments that guarantee they won’t have much of a planet on which to make use of their degree.

Bill McKibben

When the President is making it harder to mine coal, to use coal, to take advantage of our gas resources, to make it harder to get our oil resources - all those things combine to make our cost of energy higher than it needs to be, and it drives away enterprises from this country. It sends it to places that have lower-cost energy.

Mitt Romney

If your child gets asthma, the fossil fuel industry doesn't pay. Or if there's a natural disaster, the bill is paid by the taxpayer, not the fossil fuel company.

James Hansen

We spend probably more of our time than we should, just because it's close to home, worrying about the West. But it's equally important to figure out how we're going to free up the resources to let the developing world leapfrog the fossil fuel age. That's at least as mathematically important, and at least as morally crucial.

Bill McKibben

We're going to build a wall and Mexico is going to pay. And the reason they're going to pay and the way they're going to pay, Bob, is this. We have a trade deficit now with Mexico of $58 billion a year. The wall is going to cost $10 billion a year. That's what it's going to cost. It's going to be a powerful wall. It's going to cost $10 billion.

Donald Trump

War contributes greatly to global warming, which shouldn't surprise us. All those bombs going off, all those rockets, all those planes and helicopters. All that fuel of various kinds being used. It pollutes the air and water of this very fragile and interconnected planet.

Alice Walker

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.

Chris Hayes

I hold a vision of this blue green planet, safe and in balance. At the end of the Fossil Fuel Era, we are emerging to a new reality. We are ready to make the next leap - as momentous as abolishing slavery or giving women the vote.

Elizabeth May

I think we're going to find, with climate change and everything else, things like global warming and goodness knows what else and the cost of fuel for a start, that things are going to become very complicated.

Prince Charles

Now that Europe has developed through deforestation and fossil fuel use it is telling Brazil not to develop through deforestation and fossil fuel use. Bolsonaro is the backlash against such hypocrisy.