Fossil Investments Depend on ‘How Long They Can Fool People’ [Video]
Fossil fuel companies “will do everything in their power to get their reserves above ground,” but investing in their stock means “placing a bet on how long they can fool people,” comedian and columnist Scott Vrooman says in a video originally published by the Toronto Star.
Vrooman reviews the latest numbers on the proportion of known fossil fuel reserves that must remain unburned in any reasonable climate scenario, including the recent finding in the journal Nature that 71% of Canada’s natural gas, 97% of its coal, and 99% of its tar sands/oil sands will have to stay in the ground.
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“Like a patient being told they have six months to live, we can expect the Canadian oil and gas sector to react with denial, then publicly challenge the credibility of the doctor, then pay another doctor to give a better diagnosis,” Vrooman says.
“You know, the things terminally ill patients normally do. The metaphor works.”