Wednesday, 21 February 2007

PRofiting from Climate Change

Today I came across an article by Michael Gunter a renewable energy enthusiast who writes about his backyard technology experiments.

According to Gunter, corporations have now determined that there is a "tipping point" in terms of new business ventures to spawn and this is what is driving the recent climate change hype.

He answers the question I've been asking. What's in for these companies? Are they genuinely concerned about the environment? Anyway here are some extracts from his article:

"I would not be surprised if apparent grass-roots advocacy groups were getting support from mining and energy corporate interests. Banks will now lend; governments keen to appease a restless public will provide "corporate welfare" out of the public purse.

So of course, the market is signalling in flashing dollar signs, and the more they scare us the more money they think they can make out of our fear.

Emissions trading, Clean Development Mechanism ventures, geosequestration (burying carbon dioxide underground), uranium mining, nuclear fission reactors, and tree plantations are all just new business opportunities for amoral corporatists everywhere.

When civilisation collapses prematurely, having been led down the wrong energy-intensive overpopulated path, it will be the last failure of free markets.
Consumer society, consumptive planet".

Some of Michael Gunter's initiatives can be found on www.voltscommisar.net

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