• turnip@lemm.ee
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    5 days ago

    The liberals were just found distributing pins with stop the steal; like the MP who wanted to ship a Canadian to Hong Kong for execution Carney did not fire them, but rather reassigned them. There are some very heinous acts, I’m surprised they need to make things up.

    Heck parliaments been prorogued for months due to a terrible budget that went over the Liberals guardrails ending in Freelands letter, Sean Fraser quit and came back after ruining the countries immigration system, and I wouldnt be surprised if Randy Boissonnault comes back too. People must be really desperate to de-industrialize to fight climate change, as per his book, and Germany’s success with that plan.

    Excerpt from Values: The speed at which the adjustment to a net-zero economy occurs is uncertain and could be decisive for financial stability. There have already been a few high-profile examples of jump-to distress pricing because of shifts in environmental policy or performance. The combined market capitalisation of the top four US coal producers has fallen by over 99 per cent since the end of 2010, with multiple bankruptcies. To meet the 1.5°C target, more than 80 per cent of current fossil fuel reserves (including three-quarters of coal, half of gas, one-third of oil) would need to stay in the ground, stranding these assets. The equivalent for less than 2°C is about 60 per cent of fossil fuel assets staying in the ground (where they would no longer be assets). When I mentioned the prospect of stranded assets in a speech in 2015, 22 it was met with howls of outrage from the industry. That was in part because many had refused to perform the basic reconciliation between the objectives society had agreed in Paris (keeping temperature increases below 2°C), the carbon budgets science estimated were necessary to achieve them and the consequences this had for fossil fuel extraction. They couldn’t, or wouldn’t, undertake the basic calculations that a teenager, Greta Thunberg, would easily master and powerfully project. Now recognition is growing, even in the oil and gas industry, that some fossil fuel assets will be stranded – although, as we shall see later in the chapter, pricing in financial markets remains wholly inconsistent with the transition.