Climate 'makes oil profit vanish' (BBC)

[eppur_se_muova]

By Richard Black
Environment Correspondent, BBC News website

The huge profits reported by oil and gas companies would turn into losses if the social costs of their greenhouse gas emissions were taken into account.

That is the conclusion of research by the New Economics Foundation (Nef).

Nef found that the £10bn-plus profits just reported by Shell and BP are dwarfed by costs of emissions associated with their products.
***
"Combining the emissions that stem from BP's direct activities and the sale of its products leads to 1,458m tonnes of CO2-equivalent entering the atmosphere, with a damage bill of £29bn ($51bn)," writes Andrew Simms.
***
more at: http://news.bbc.co.uk/1/hi/sci/tech/4699354.stm

Well, we suspected as much, but someone did the hard work of crunching the numbers.

[Amonester]

1. With all those "distractions" about that war criminal 'GoCh**eyo'

I am afraid this important post is 'disappearing' fast. Could you wait a couple of days, and then post it again (when these "distractions" will have "gone nowhere" as usual with these war-criminal-mob$ter$-who-always-get-away-with-everything-and-R-above-all-laws)? Thanks.

Map: A Snapshot of Global Warming's Threat to Florida

Scientists at Florida's top universities have put together a picture of Florida's future in light of the phenomenon of global climate change, and it's not pretty. Here's a snapshot of how global warming will hit home in the Sunshine State; click on the boxed labels for explanations.

http://www.nrdc.org/globalwarming/fflamap.asp

How much public funds will building levee systems require to protect all (most?) shore land estates? (R)'s & Freaps: "Oh... Don't worry. Won't happen." :grr:


Interractive map: "try" (check) 1 meter & city names & zoom, then click the "Refresh Map" button:
http://geongrid.geo.arizona.edu/arcims/website/slr1kmglobal/viewer.htm

Oh... Tax Big Oil for they should pay...

[eppur_se_muova]

2. I'll try to remember to repost this in a week. nt