The Inflation Reduction Act is being hailed by the mainstream climate movement, Congress members, and the media as the most important climate bill in U.S. history. That's a pretty low bar, and it says more about our government's long record of failure on climate than it does about whether this law can prevent dangerous temperature increases in coming decades.
"Make no mistake; these profits mark a large transfer of wealth from working- and middle-class people to wealthy oil executives and shareholders," said Jordan Schreiber of Accountable.US.
As fossil fuel giants this week reported record profits for the second quarter, an analysis out Friday highlighted how eight oil companies have raked in nearly $52 billion over the past three months “while Americans continue to struggle at the pump.”
Editor: "a historic achievement for the climate left and a tribute to both its moral fervor and its political realism" maybe, but not for climate emergency realism!
By focusing on reciprocity and the common good—both for the community and the environment—sea gardening created bountiful food without putting populations at risk of collapse.
The Intergovernmental Panel on Climate Change (IPCC), in many respects, is a Delphic institution whose reports are a function of political discretion as it provides justification for nation/state policies that are seldom fulfilled, e.g., only a handful of the 193 signatory nations to Paris ’15 have met commitments. This scandalous outright failure at a dicey time for the climate system only serves to hasten loss of stability and integrity of the planet’s most important ecosystems.
