From Jenna Orkin

Quote of the day: 

Exxon Mobil has declared hey will extract and burn all the fossil fuel assets that they own, which are buried in the ground, because they own them and because they can profit from them—knowing full well that this would be a death sentence for humanity. There is no way that mere incentives are going to change that. So far, even the subsidies for fossil fuel exploration have not been removed.

Regulation won’t work in the present system since corporations always capture the regulatory process. To alter the present political-economic-energy matrix would require changes in ownership of means of production—in this case, fossil fuels. It would not mean just the transfer of ownership but the destruction of trillions of dollars of financial assets globally, since fossil fuels would need to remain in the ground.

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