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Exxon Knew, Shell Knew, They All Knew

08/09/2017 07:17 am ET

In 2015, the Union of Concerned Scientists published its landmark exposé“The Climate Deception Dossiers,” which show that not only Exxon, but also Shell, BP, ConocoPhillips, Chevron and coal giant Peabody Energy were aware of the climate change reality since the 70s. Even so, through special interest groups, they invested tens of millions “to sow doubt and promote contrarian arguments they knew to be wrong.”

The fuel that powers this planetary sabotage is called greed. The fossil fuel industry worldwide has accumulated stratospheric levels of wealth over the decades. Moreover, according to a report just published by World Development, in 2015, fossil fuels received a staggering $5.3 trillion in subsidies around the world. This includes not only taxpayer money but also the costs of deaths caused by pollution and these fuels’ contribution to the climate crisis.

Even so, the advance of solar, wind and other forms of clean energy and the exponential progress in energy efficiency are unstoppable. Clean energy and better batteries will be more competitive than fossil fuels by 2020. After a decade of immense progress, clean energy has boomed in the U.S., already providing electricity to more than 25 million homes. And on Wall Street, an index of 40 clean energy companies so far has grown by 20 percent in 2017 in the era of Trump.

This clean energy revolution is what we need to wash away the dirty energy industry’s deception and lies.

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