Monday, September 5, 2022

Compromising Our Way to Extinction

California just passed some major climate legislation, promising big reductions in emissions. But it also relys on nuclear energy, leaving Diablo Canyon open to make up the short-fall. It was a compromise made for "political expediency", much like the expansion of oil and gas drilling was a necessary compromise in the Federal Investment Act. Pragmatism, realism, compromise. As the crises intensify there will be more impetus to "get something done". We will hear more and more talk of "trade-offs". But there won't be any trade-offs when it comes to GDP growth, to profit taking or continued accumulation.

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