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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Wharf Rat who wrote (899890)11/9/2015 6:31:38 PM
From: Wharf Rat  Respond to of 1575622
 
How Fossil Fuel Executives Fooled Themselves on Climate Change

Oil companies’ climate change policies may not have been criminal, but they were self-deceiving.

In his 2011 book, Deceit and Self-Deception: Fooling Yourself the Better to Fool Others, the Rutgers anthropologist Robert Trivers examines the evolutionary roots of self-delusion. According to the review of the book in The Guardian, Trivers “explains how the human male drive for power and control correlates with ignorance and self-delusion.” Magnified by the power of money, the focus on “building shareholder value,” the cult of the all-wise CEO, and the self-reinforcing bubble in which fossil fuel executives live and operate, these forces are strongly displayed in the self-deception and moral confusion of fossil fuel executives. (It’s worth noting that this applies mostly to U.S. fossil fuel companies; European companies have taken a much more realistic and progressive stance on climate effects.)

Whatever their personal beliefs on climate change—a psychological puzzle that would take a university department to plumb—it’s clear that the executives at Exxon Mobil, Peabody, and other fossil fuel companies have engaged in a long, thorough, and pervasive campaign of ignorance and self-delusion. Soon they will find out what that campaign will cost them.

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To: Wharf Rat who wrote (899890)11/9/2015 7:13:34 PM
From: bentway  Respond to of 1575622
 
>>Arch Coal may follow next. Its stock, which traded as high as $3,600 in 2011 dipped to $1.50 this week.<<

I'd say coal is a damn good stock to short these days. I wish I'd shorted Arch!



To: Wharf Rat who wrote (899890)11/10/2015 11:49:00 AM
From: Brumar89  Read Replies (1) | Respond to of 1575622
 
I'll bet you're disappointed they won't confine all the miners in the mines and blow them up.