
Time for real culprits to bear climate change costs as insurance becomes “unsustainable”
https://www.insurancebusinessmag.com/ca/news/environmental/time-for-real-culprits-to-bear-climate-change-costs-as-insurance-becomes-unsustainable-503166.aspx
by GeraldKutney
1 comment
>He lamented that oil and gas companies, some of the world’s largest polluters, have long known about the impacts of climate change but have continued to extract fossil fuels, obstruct climate action, and profit from the resulting devastation.
Governments have known about it as well, since at least as far back as the 1950s, and what have they done and still continue to do? They’ve handed over huge subsidies to the oil companies that keep the prices artificially low.
Almost every single country that’s a petrostate is planning on increasing oil production to keep up with the world’s rising demand for oil. Even Norway, the country that’s lauded for their adoption of EVs, is planning on extracting more and selling it to other countries to burn.
Here in America, as was posted to r/climate a few days ago, we care less about climate change now than we did four short years ago, even though it’s impacting our daily lives more and more, with the worsening climate disasters driving the insurance crisis.
[https://www.vox.com/politics/368706/kamala-harris-dnc-climate-change-policy-poll](https://www.vox.com/politics/368706/kamala-harris-dnc-climate-change-policy-poll)
I’m sure our lack of concern has nothing to do with the fact that we’re both the world’s largest supplier and consumer of oil. Our entire lifestyle is based on oil, and if we got exactly what we claimed we wanted, which is a world with drastically less oil, that lifestyle would vanish like a puff of smoke.