Who should pick up the tab for the billions of dollars in damages from these deadly fires in LA? The fossil fuel industry who lied about climate change for decades, that's who.
Brilliant must read from @cadavejones.bsky.social.
https://www.nytimes.com/2025/01/22/opinion/los-angeles-wildfires-insurance.html?smid=nytcore-android-share
Brilliant must read from @cadavejones.bsky.social.
https://www.nytimes.com/2025/01/22/opinion/los-angeles-wildfires-insurance.html?smid=nytcore-android-share
Comments
We’ve all collectively failed in agreeing on the rules of the game. Yes they’ve cheated, bribed and colluded, but our system has failed.
We need to agree on a better system that doesn’t ultimately penalise the consumer
https://bsky.app/profile/did:plc:kgoxydngbaagmq3gbv5wsm7u/feed/aaaibdielxy46
https://www.nytimes.com/2025/01/19/us/malibu-home-california-wildfires.html?unlocked_article_code=1.rk4.MeJF.pOXiK-rQjBa9&smid=url-share
6 in. of snow on tbe beach.
The MAGAT narrative is it's all normal, just a coincidence.
and there are very on point precedents - big tobacco and Purdue Pharma
We, western consumers are also largely responsible for driving demand for fossil fuel.
We will NEVER cut the energy need. We can only make changes to the sources.
Where's the money in ExxonMobil?
Alt. 1: Seize the company. The production infrastructure has any value only if it is producing hydrocarbons.
Alt. 2: Court judgment for massive damages. Source of money are the future cashflows from hydrocarbon production.
It's just what people, bots and market mood think the stock is worth today. It could be up 1000% (except for volatility brakes), or go to zero tomorrow.