Extraction and forced unemployment follow Big Finance destroying Big Retail too

By David Morris ,6 Oct 2017 , 2017, from ILSR’s The Public Good: Reports from the Front Lines (September 27, 2017), available here.  In the 1980s, leveraged buyouts became financial engineering’s newest invention. Corporate raiders would use the assets of the target corporation to collateralize the debt required to take it over. The resulting large debt payments burdened the target business. Some went bankrupt. But Wall …

Corruption Pipeline: How Pipeline Builders Win Big, Whether More Gas Is Needed or Not

Close corporate relationships between pipeline builders and gas buyers are allowing companies to reap higher profits while locking in emissions for years to come. By Phil McKenna, Inside Climate News, 3 Aug 2017 The real fight over America’s energy future isn’t in coal, despite the Trump administration’s public focus on a mining revival. Rather, dozens of pipeline projects, making up …

Beyond denialism: neoliberalism, climate change and the left

By Philip Mirowski, Jeremy Walker and Antoinette Abboud on neoliberalism, climate change and the Left August 2017 We live in a winter of disconnect. As the permafrost melts and global warming accelerates, bringing us to the cusp of catastrophic environmental changes, governments and corporations continue their campaign of denial. Ian Plimer’s latest book, launched by John Howard at the Sydney Mining …

Exxon spread doubt through weekly public advertorials in the New York Times while internal documents confirmed knowledge that climate change was real

This post also includes the earlier LA Times article at the bottom.  The August 2017 Harvard article overview and excerpt are at the top. Geoffrey Supran1 and Naomi Oreskes. Assessing ExxonMobil’s climate change communications (1977–2014). Published 23 August 2017 Environmental Research Letters, Volume 12, Number 8 83% of peer-reviewed papers and 80% of internal documents acknowledge that climate change is real and human-caused, yet only 12% of …

The old are eating the young: Around the world, a generational divide is worsening.

By Satyajit Das, Bloomberg View, 13 June 2017 Pay up.  Photographer: Yui Mok/PA Images Edmund Burke saw society as a partnership between those who are living, those who are dead, and those who are yet to be born. A failure to understand this relationship underlies a disturbing global tendency in recent decades, in which the appropriation of future wealth and …

Top global banks still lend billions to extract fossil fuels

Analysis of world’s lenders reveals many claim green credentials while still financing fuels like tar sands, oil and coal By Fiona Harvey Environment correspondent, The Guardian, 21 June 2017 Some of the world’s top banks are continuing to lend tens of billions for extracting the most carbon-intensive fossil fuels, according to a report of top lenders. Finance provided for these fossil …

For investors in shale drilling, the party’s over

By Collin Eaton, Chron.com, 23 June 2017 Photo: Spencer Platt, Staff.  MENTONE, TX – FEBRUARY 05: The shadows of workers with Apache Corp. are viewed at the Patterson 298 natural gas fueled drilling rig on land in the Permian Basin on February 5, 2015 in Mentone, Texas. Wall Street appears to have lost its taste for the resurgent U.S. shale …

Six P’s: Michael Shuman’s pointers to a prosperous, local economy

Sustainability requires that every community meet the needs of all its members (including plants and animals), present and future, without compromising the needs of other communities meeting the needs of their members, present and future. — Michael Shuman Is neighborhood economics at a tipping point? Consciousness certainly seems to be getting there. This is a skeletal summary of some key points, plus a few …