The International Energy Agency, the World Bank, and many others say that unless greenhouse gas emissions are sharply restricted, and soon, it will be impossible to keep global warming below 2ºC, the level at which catastrophic climate change becomes very likely.
So the Financial Times asked Milton Catelin, chief executive of the World Coal Association, whether the threat of such restrictions should make investors nervous about buying or holding coal company stock.
Catelin’s cynical reply: “I don’t know why you would assume action on climate change is more likely than action on poverty.”
Catelin and his ilk will destroy our world, just to make a fast buck. It’s time for us take their toys away.