Heavily Tax Our Products, Oil Industry Leaders Beg Governments - Here Comes Predicted Bogus "Carbon Tax" ~ THE 5TH ESTATE ASIA

Tuesday, June 02, 2015

Heavily Tax Our Products, Oil Industry Leaders Beg Governments - Here Comes Predicted Bogus "Carbon Tax"

Tuesday, June 02, 2015

The final phase of the carbon tax scam now out in the open; for those that laughed at The 5th Estate for repeatedly predicting a worldwide "carbon tax" on the middle classes and the poor - who's laughing now? Reeling from the worldwide oil glut and crashing prices, oil companies will receive kickbacks from bogus "carbon taxes" levied by governments to make up the shortfall

CHRISTIAN SCIENCE MONITOR
By Michael Holtz
06/02/2015

Europe’s six largest energy companies have urged governments to tax carbon emissions ahead of UN climate talks for later this year.

In a letter published in the Financial Times on Monday the chief executives of Shell, BP, BG Group, Eni, Statoil and Total called for “widespread and effective” carbon pricing to be part of a climate deal that may be negotiated in Paris.

The joint statement marks a rare moment for an industry that’s often seen as in denial about climate change - but also an awareness that government regulation to change energy pricing could lead to new and profitable opportunities.

“We owe it to future generations to seek realistic, workable solutions to the challenge of providing more energy while tackling climate change,” the letter says. “We urge governments to create the incentives that will encourage all potential contributors to a more sustainable future.”

US oil giants ExxonMobil and Chevron chose not to take part in the initiative, an industry source told Reuters.

While acknowledging that renewable energy has “an increasing role to play,” the executives emphasized that efforts to lower carbon emissions shouldn't get in the way of economic growth and a "a growing population seeking better living standards.”

Oil company executives purchases of private islands, mansions, Harvard college education for kids now at risk due to exposure of bogus price-rigging, fallacy of "peak oil" as worldwide glut and fall in consumer demand gut industry

They argued that switching from coal to natural gas, a major revenue stream for all six companies, would help accomplish that.

The letter – in addition to a more detailed one sent to the UN’s top climate official – received praise from environmental groups.

"This is a symbolic moment, and demonstrates an important if not universal shift,” Mark Kenber, the executive director of The Climate Group, said in a statement. "It reflects a growing realization within influential sectors of the fossil fuel industry of a need to adapt to both market and climate realities.”

About 40 countries use or say they are planning to use a tax on carbon to bring down greenhouse gas emissions, according to a report released last month by the World Bank.

The country's generate about 12 percent of annual global emissions.

Destroying the world's oceans and marine ecosystems while charging consumers out the ass for obsolete hydrocarbon fuels artificially maintained by the suppression of alternative energy sources; what a deal

“An effective carbon price is an essential, if insufficient, part of a policy package that can lower emissions and drive the economy toward a low-carbon, resilient future,” Rachel Kyte, the World Bank’s special envoy for climate change, said in a statement.

Carbon pricing works by charging companies a set fee for each ton of carbon they emit. The more carbon an energy source emits, the more expensive it will be.

Prince William Sound Alaska, The Gulf of Mexico, Southern California - soon there will be no marine ecosystem left that is viable and unpolluted by oil spills from criminal companies that refuse to adhere to their own safety and cleanup protocols, let alone international laws

In the world's current energy mix coal is the dirtiest, oil is the middle, and natural gas is the cleanest.

In their letter, the executive asked governments to provide a clear, stable, and long-term policy framework for carbon taxing.

The unavoidable future of the oil companies, bankers and governments that collude with them in the destruction of the last viable ecosystems and world economies supported by the rape of the middle classes and poor - who will revolt

So far, 38 of 196 UN member states have submitted plans outlining their actions to reduce emissions beyond 2020. The plans are meant to be the building blocks for the international climate accord that is the aspiration of the Paris conference.

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