Year 2, Month 3, Day 14: Coal Makes You Stupid (So Does Oil)

An Australian paper, the Mackay Daily Mercury, runs an article noting, unsurprisingly, that Australian coal companies are opposed to a tax on carbon. Well, they would, wouldn’t they? Industries are not known for taking the long view. If corporate charters were set up to encourage century-long thinking, a lot of things might have turned out differently.

Sent March 6:

It’s hardly surprising that higher-ups in Australia’s coal industry are opposed to a carbon tax. Despite their comprehensive and lavishly-funded denial of the facts of climate change, the multinational corporations which have made enormous fortunes from our species’ eagerness to consume fossil fuels are beginning to see the writing on the wall. They’re soon going to confront the limitations of the Earth’s resources and the laws of nature; we’re going to run out of oil and coal — unless the long-term consequences of the greenhouse effect bring our species to an evolutionary bottleneck first. The coal industry needs to be asking how to find ways to employ people once they’re no longer mining coal, not how to avoid paying taxes on carbon emissions. The days when economic actors could easily afford to disregard climatic warning signals are long past; our addiction to cheap energy has become a very expensive habit indeed.

Warren Senders