Yes, we need to keep it in the ground, especially the 90% of fossil fuel that, when it is extracted is burned as fuel. It may be necessary to buy from our too big to fail fossil fuel firms whatever they own in the way of fossil fuel, so they do not get stuck with stranded inventory.
It might also be necessary to hire many laid off workers from fossil fuel firms and hire them to go back to school to prepare for a job in some other industry, preferably making and installing equipment to capture renewable energy such as solar power and it wind power.
Can’t agree with buying fuel from the industry, those companies have made billions burning down the earth, while most of them have known exactly how dangerous it’s been, for years. I’d be happy to see every one of them to go bankrupt because of the fuel reserves they hold.
Biden state media appointee advocated using propaganda against Americans and ‘rethinking’ First Amendment
The head of the Joe Biden transition team for the US Agency for Global Media, Richard Stengel, has branded himself the “chief propagandist,” urged the government to use propaganda against its “own population,” and called to “rethink” the First Amendment.
Here’s a bit more on Biden’s ‘transition’ team
Eliminating combustion engines is going to be a huge challenge. The large cities of the world could be called motorbike and scooter cities. Ho chi Minh City, Taipei, Tokyo, Hong Kong, etc. When those rides are gone, or converted to electric we haven’t hardly begun.
The other half of the equation is innovation. With the coronavirus we must innovate in many different ways or many of us will be dead quite soon. With climate change we must innovate in many different ways or many of us will be dead down the road, but not as soon.
Any variety of energy innovation is a horrible nightmare if you’re a fossil fuel company. I’m telling you precisely what’s out there, almost within our grasp if we put even the slightest push on it, and all I get from big climate is crickets. Ask why!
The key is simple: judge every idea on its merits. Does the idea clean up climate change, by how many megatons of greenhouse gases, and what are the ecological and financial side effects? Avoid judging any idea by the billionaire who put big financial backing behind the idea. The second key is also simple: pay innovators in exchange for desirable work getting done. This would seem to be a fundamental principle of a market economy.
This principle runs utterly, 180 degrees, against the fundamental tenet of corporate socialism: if a billionaire buys you a political seat, you give him government money. If you’re a billionaire you want those “innovators” off the face of the earth before they destroy your entire fossil fuel industry, and by God your personal government is going to help you do just that.
Here’s the mission-critical list: Solar heat all buildings in winter. Store solar-sourced energy for 100% renewable electricity generation later. Drive the energy cost (and financial cost) of transit down while getting rid of freeways and traffic jams. Restore the Arctic’s albedo. Restore deserts to agriculture. Develop nature-based carbon sequestration methods and pay farmers, ranchers and woodlot owners to carry them out. Be open to greenhouse gas savings in lesser fields also.
I’m convinced that conservatives are nature’s ways of killing us off.
“By financing fossil fuels and deforestation, Wall Street banks are among the biggest global drivers of climate chaos,” Cassady said.
Does anyone really believe Biden, who is nothing but a Wall Street Stooge, is going to bite the hands that have been feeding him for 47 years?
Not very well since the lessor Roosevelt. But that was only accomplished with well established Socialist and Communist (as well as the populist remnants of a trust-busting, pro-workingman, Progressive, Republicanoid/Bull Moose), parties and large mobs of hungry, unemployed, people on the streets ready to bring drastic change to a corrupt broken capitalist economic system. All we’ve got right now, is the beginnings of that last factor. Don’t despair, this collapse will take a decade, or possibly two, to finalize, but it won’t wait a decade, muchless two, before it impacts everyone’s lives dramatically.
Well it’s on now, one authoritarian government for another. Goebbels is grinning ear to ear from the grave.
Everything will be a huge challenge in the future, it’s either this, or our grandkids and great grandkids have nothing.
We haven’t fixed the “too big to fail” situation yet
Credit default swaps anyone?
Many of the rollbacks or watering down of the bank rules have occurred quietly or without the attention of mainstream media. Taken together, the rule changes are striking in their reckless disregard for the safety and soundness of a sector that blew itself up just 12 years ago, taking the U.S. economy and U.S. housing market down with it, while getting propped up with the largest taxpayer and Fed bailout in U.S. history.
It’s clear that the largest Wall Street banks are back to their old habits again when it comes to gaming derivative rules. According to a May 30 report from European academics Pauline Gandré, Mike Mariathasan, Ouarda Merrouche and Steven Ongena, big Wall Street banks were moving vast amounts of their derivative trades to their foreign subsidiaries to evade regulation by U.S. authorities
Bottom line: federal regulators are as clueless today as they were in 2008 when it comes to the level of systemic risk these banks pose to the financial system of the United States. The only way to rein in that risk is to break up these banks and restore the Glass-Steagall Act. That would separate these casinos from the federally-insured, deposit-taking banks.
Wolves guarding the hen-house?
The Foreclosure machine…
Brian Brooks, the Acting Comptroller of the Office of the Comptroller of the Currency (OCC). Brown told Brooks the following:
“One West, the bank that you and [Treasury] Secretary Mnuchin and Joseph Otting [former head of the OCC in the Trump administration] worked at, was known as a foreclosure machine. It makes no sense that the outgoing President handed the wheels of the economy to so many people who had a hand in crashing it in 2008.
“Even though you’re running the OCC without the approval of the Senate, you’ve made sweeping changes to regulation to benefit the same corporations you used to lobby for. It’s exactly this kind of self-dealing that’s eroded so many Americans’ trust in their government and the economy. And last week, 80 million American voters rejected that thinking.”
Addressing the Chair of the Federal Deposit Insurance Corporation, Jelena McWilliams, Senator Jack Reed of Rhode Island told her the following:
“We are facing a housing tsunami. The National Council of State Housing Agencies indicated that U.S. renters will owe up to $34 billion in past due rent by January, increasing eviction filings, posing punishing financial hardship on millions in just a few months. We could have, in January, and that’s not too far away, hundreds of thousands of people being evicted or foreclosed: And, in the midst of a pandemic where sleeping five in a bedroom is not the best medical advice doctors would give, that could happen. And, indeed, I think we have to do something. So I would hope that you and your colleagues in the housing community would be thinking hard about supporting efforts to provide financial relief to these renters."
“Eventually, it will hit the banks. As they foreclose on the mom and pop landlords, they’ll have a lot of property on their hands which might not be very valuable. So I would hope you would do that.”
(Wall Street - How Much Is Enough? -1987)
This is the financial appointee committed to climate action btw.
Those too big to fail fossil fuel firms are too big to fail. That means that they have such huge financial clout that the most of our politicians dare not get those too big to fail firms angry at them. Those too big to fail firms each have enough political clout to defeat at the polls any politician that angers them.
Yes, this is one of the many issues the world must overcome, if we are to survive. How absurd is it, we allow corporate power to override the existence of the human race?
They do act in suicidal ways most of the time, dont they
This is going to be (will HAVE to be) an “organically” selected Cabinet.
Sure, it would definitely be EASIER to appoint those who have always taken the PROFITS that Wall Street is now pretending are “widespread” enough to tout (I won’t do any “touting” until the POOR are also gaining in the market).
So he’ll have to find someone with the right priorities and sentiments (Janet Yellen, already appointed, would be a good place to start), and have them make up a list. And THEN check and vet that list within an inch of its life, to KICK OUT THE PROFITERS… no ifs, ands, or buts…