174
Um, I think we all just won | Biden is halting the biggest fossil fuel expansion on earth
(billmckibben.substack.com)
this post was submitted on 25 Jan 2024
174 points (96.8% liked)
Climate - truthful information about climate, related activism and politics.
5229 readers
519 users here now
Discussion of climate, how it is changing, activism around that, the politics, and the energy systems change we need in order to stabilize things.
As a starting point, the burning of fossil fuels, and to a lesser extent deforestation and release of methane are responsible for the warming in recent decades:
How much each change to the atmosphere has warmed the world:
Recommended actions to cut greenhouse gas emissions in the near future:
Anti-science, inactivism, and unsupported conspiracy theories are not ok here.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
...for now...
The ability to impose large delays on capital-intensive projects tends to keep them from getting built. I'll take it as a win
Venturre Global has a $4.5billion dollar loan with 8.125% intrest nad 8.375% intrest depending on the due date. That means every year delay costs them $365million.
All of that is part of $7.8 billion finanancing they have secured, so this might very well be half a billion dollars they loose every year.
The things he's done have been dripping out at a slow and steady pace since Inauguration Day. He hasn't been perfect, with a couple of missteps along the way, but a world better than any Republican would have been
... until after the election...
On terms that will make it hard to say 'yes' to them even then.