Tag Archives: damage

Oil Company Day-to-Day Damage

7 Aug

From an article by Raj Patel in The Nation:

Even in the absence of a devastating spill, the reality is that oil companies are damaging simply in their day-to-day operations. Like the tobacco industry, the oil industry makes a product that, when used according to its instructions, causes great harm. The US government just released its annual State of the Climate report, cementing the findings of human-caused climate change, a phenomenon that Big Oil continues to shrug off, and lobby against addressing. The devastation of the BP spill compounds costs that, in reality, are no less part of the toll, and no less hidden from us. One recent study suggests that by 2030 the global costs of dealing with climate change might be as high as $300 billion a year. These costs will ultimately get paid—just not by the oil industry.

Read the rest of the article…

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