Law

DITTO! (Despite the potential gross factor. ;-)

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On Nov 13, 2021, at 8:26 AM, Warren Senders <senderswarren@gmail.com> wrote:



 I think bribing fossil fuel companies and executives to leave it in the ground is a fine idea. If it takes daily foot massages from charter members of Greenpeace, I'll warm up the sandalwood oil myself. 

On Sat, Nov 13, 2021 at 11:08 AM Bill Bua <wbuawxman@gmail.com> wrote:

Thanks, Deborah. That's quite impressive street theater. And given the circumstances, entirely appropriate. I wish I could say differently.

Question for you all. Do you think greed can be used to get us where to go? Of course, rewarding greed is always unfair just by its nature, but desperate times require desperate measures. So here goes:

1. Pay the fossil fuel industries for whatever known assets are still in the ground, less their removal cost, in installments, negotiated as some kind of annuity.
2. Ex-fossil fuel industries are required to retool as renewable energy companies. They'd have to buy up the existing companies for a fair market price to maintain equity in the renewable energy capital market.
3. Existing anti-trust laws would need to be rigorously enforced to prevent anticompetitive behavior and price fixing.
4. If they misbehave (which I'm sure they'll do), they would be subject to breakup into smaller companies to insure efficient markets.

I'm sure there are important rules and caveats I've not thought of, but there it is. Sounds a little bit like surrender, but we'd have a shot at saving the planet, perhaps?

Bill

On Sat, Nov 13, 2021 at 10:50 AM Deborah Phelan <deborahphelan@gmail.com> wrote:

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Deborah Phelan

Executive Director, 2050kids

"Tomorrow belongs to the people who prepare for it today." African Proverb