watertank | (no subject)

Heard an interesting story on how global warming directly benefits energy companies. It's based on the insight that Arctic contains about one quarter of the world's oil and gas resources, which right now are largely unavailable. The rise in global temperature causes Arctic ice to melt, thus creating opportunities for resource exploitation. While publicly denying existence of the global warming, the energy industry is quetly investing large amounts of capital into its "non-existing" consequences, by conducting large scale oil and gas exploration projects in the far north. Sounds like a perfect strategy to me: the longer people do nothing about the situation, the easier it becomes to access new energy fields.

Very interesting. Need to do some digging around the concept.