We can. It’ll be hard, but sometimes you gotta buck up and do hard things instead of being lazy. We won’t do it unless we’re forced to, business as usual is simply too cozy for decision makers, politically, in capital markets, and at multinationals making decisions. Wealthy and powerful people want to remain wealthy and powerful, a tale as old as time.
2-3C means potentially >2-4 billion excess deaths over the next ~50 years from climate change. As long as global oil supply chains are low volatility and low risk, we continue on that path.
Ukraine has disabled 30-40% of Russia’s refinery capacity almost entirely with drones, for example.
TLDR it is not bad for the global oil supply chain to experience pain, it’s the primary factor in accelerating electrification and decarbonization.
alt Hacker News
We can. It’ll be hard, but sometimes you gotta buck up and do hard things instead of being lazy. We won’t do it unless we’re forced to, business as usual is simply too cozy for decision makers, politically, in capital markets, and at multinationals making decisions. Wealthy and powerful people want to remain wealthy and powerful, a tale as old as time.
2-3C means potentially >2-4 billion excess deaths over the next ~50 years from climate change. As long as global oil supply chains are low volatility and low risk, we continue on that path.
Ukraine has disabled 30-40% of Russia’s refinery capacity almost entirely with drones, for example.
TLDR it is not bad for the global oil supply chain to experience pain, it’s the primary factor in accelerating electrification and decarbonization.
https://actuaries.org.uk/media/ni4erlna/planetary-solvency.p... (page 32 risk impact matrix)
https://oilprice.com/Latest-Energy-News/World-News/Ukraines-...