Comments on: Coal hits a wall named Wall Street http://climateprogress.org/2008/02/04/coal-hits-a-wall-named-wall-street/ The Latest on Climate Science, Solutions, and Politics Sun, 22 Nov 2009 02:26:54 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Ormond Otvos http://climateprogress.org/2008/02/04/coal-hits-a-wall-named-wall-street/#comment-8483 Ormond Otvos Thu, 07 Feb 2008 03:32:14 +0000 http://climateprogress.org/2008/02/04/coal-hits-a-wall-named-wall-street/#comment-8483 The banks didn't do it because they are green, or the slightest bit interested in the welfare of humanity. They did it because citizens are getting ready to vote in a bunch of Democrats who will pass laws that endanger profit for the shareholders of the banks. The banks are also looking for ways to avoid loaning money to risky ventures, in fear that the banks themselves will be seeing heavier (deserved) regulation. Corporations have no morality but profit. They're not evil, they're corporations legally built to extract maximum profit. It's all they can know. That's why they shouldn't be allowed to elect legislators or Presidents. They're not responsible for their actions to humanity. The banks didn’t do it because they are green, or the slightest bit interested in the welfare of humanity. They did it because citizens are getting ready to vote in a bunch of Democrats who will pass laws that endanger profit for the shareholders of the banks.

The banks are also looking for ways to avoid loaning money to risky ventures, in fear that the banks themselves will be seeing heavier (deserved) regulation.

Corporations have no morality but profit. They’re not evil, they’re corporations legally built to extract maximum profit. It’s all they can know.

That’s why they shouldn’t be allowed to elect legislators or Presidents. They’re not responsible for their actions to humanity.

]]> By: RhapsodyInGlue http://climateprogress.org/2008/02/04/coal-hits-a-wall-named-wall-street/#comment-8416 RhapsodyInGlue Tue, 05 Feb 2008 06:33:31 +0000 http://climateprogress.org/2008/02/04/coal-hits-a-wall-named-wall-street/#comment-8416 Great news for the environment. I hope they have realistic ideas about what would be conservative assumptions for emissions credits. Some of the recent science coming from people like Hansen imply the need for near total decarbonization by mid century. A conservative assumption for free credits in my opinion would be ZERO. Hopefully that drastic of a cut won't turn out to be necessary, but seems silly to sink lots of money into projects assuming that it won't be. If only China would get on board. It's staggering how fast they are deploying new coal facilities. Great news for the environment. I hope they have realistic ideas about what would be conservative assumptions for emissions credits. Some of the recent science coming from people like Hansen imply the need for near total decarbonization by mid century. A conservative assumption for free credits in my opinion would be ZERO. Hopefully that drastic of a cut won’t turn out to be necessary, but seems silly to sink lots of money into projects assuming that it won’t be.

If only China would get on board. It’s staggering how fast they are deploying new coal facilities.

]]> By: Dano http://climateprogress.org/2008/02/04/coal-hits-a-wall-named-wall-street/#comment-8410 Dano Tue, 05 Feb 2008 03:10:53 +0000 http://climateprogress.org/2008/02/04/coal-hits-a-wall-named-wall-street/#comment-8410 Meanwhile, does Citi still finance the cut of wide swaths of the Amazon? Best, D (former employee of a place bought by Citi) Meanwhile, does Citi still finance the cut of wide swaths of the Amazon?

Best,

D

(former employee of a place bought by Citi)

]]> By: Charles Barton http://climateprogress.org/2008/02/04/coal-hits-a-wall-named-wall-street/#comment-8409 Charles Barton Tue, 05 Feb 2008 01:43:15 +0000 http://climateprogress.org/2008/02/04/coal-hits-a-wall-named-wall-street/#comment-8409 Eventually the bankers will face the necessity of nuks. Eventually the bankers will face the necessity of nuks.

]]> By: David B. Benson http://climateprogress.org/2008/02/04/coal-hits-a-wall-named-wall-street/#comment-8406 David B. Benson Mon, 04 Feb 2008 23:09:40 +0000 http://climateprogress.org/2008/02/04/coal-hits-a-wall-named-wall-street/#comment-8406 Hot diggity-dog! Hot diggity-dog!

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