₦airaland Forum

Lecture Title- THE TRUTH ABOUT BIG OIL AND CLIMATE CHANGE

In America, the world’s largest economy and its second biggest polluter, climate change is becoming hard to ignore. Extreme weather has grown more frequent. In November wildfires scorched California; last week Chicago was colder than parts of Mars.Scientists are sounding the alarm more urgently and people have noticed—73% of Americans polled by Yale University late last year said that climate change is real.

The left of the Democratic Party wants to put a “Green New Deal” at the heart of the election in 2020.
As expectations shift, the private sector is showing signs of adapting. Last year around 20 coal mines shut. Fund managers are prodding firms to become greener. Warren Buffett, no sucker for fads, is staking $30bn on clean energy and Elon Musk plans to fill America’s highways with electric cars.

Yet amid the clamour is a single, jarring truth. Demand for oil is rising and the energy industry, in America and globally, is planning multi-trillion-dollar investments to satisfy it. No firm embodies this strategy better than ExxonMobil, the giant that rivals admire and green activists love to hate. As our briefing explains, it plans to pump 25% more oil and gas in 2025 than in 2017. If the rest of the industry pursues even modest growth, the consequence for the climate could be disastrous.

ExxonMobil shows that the market cannot solve climate change by itself. Muscular government action is needed. Contrary to the fears of many Republicans (and hopes of some Democrats), that need not involve a bloated role for the state.

For much of the 20th century, the five oil majors—Chevron, ExxonMobil, Royal Dutch Shell, bp and Total—had more clout than some small countries. Although the majors’ power has waned, they still account for 10% of global oil and gas output and 16% of upstream investment. They set the tone for smaller, privately owned energy firms (which control another quarter of investment). And millions of pensioners and other savers rely on their profits. Of the 20 firms paying the biggest dividends in Europe and America, four are majors.

In 2000 bp promised to go “beyond petroleum” and, on the face of it, the majors have indeed changed. All say that they support the Paris agreement to limit climate change and all are investing in renewables such as solar. Shell recently said that it would curb emissions from its products. Yet ultimately you should judge companies by what they do, not what they say.

According to ExxonMobil, global oil and gas demand will rise by 13% by 2030. All of the majors, not just ExxonMobil, are expected to expand their output. Far from mothballing all their gasfields and gushers, the industry is investing in upstream projects from Texan shale to high-tech deep-water wells. Oil companies, directly and through trade groups, lobby against measures that would limit emissions. The trouble is that, according to an assessment by the ipcc, an intergovernmental climate-science body, oil and gas production needs to fall by about 20% by 2030 and by about 55% by 2050, in order to stop the Earth’s temperature rising by more than 1.5°C above its pre-industrial level.
It would be wrong to conclude that the energy firms must therefore be evil.

They are responding to incentives set by society. The financial returns from oil are higher than those from renewables. For now, worldwide demand for oil is growing by 1-2% a year, similar to the average over the past five decades—and the typical major derives a minority of its stockmarket value from profits it will make after 2030.

However much the majors are vilified by climate warriors, many of whom drive cars and take planes, it is not just legal for them to maximise profits, it is also a requirement that shareholders can enforce.

Some hope that the oil companies will gradually head in a new direction, but that looks optimistic. It would be rash to rely on brilliant innovations to save the day.
Global investment in renewables, at $300bn a year, is dwarfed by what is being committed to fossil fuels. Even in the car industry, where scores of electric models are being launched, around 85% of vehicles are still expected to use internal-combustion engines in 2030.

So, too, the boom in ethical investing. Funds with $32trn of assets have joined to put pressure on the world’s biggest emitters. Fund managers, facing a collapse in their traditional business, are glad to sell green products which, helpfully, come with higher fees. But few big investment groups have dumped the shares of big energy firms.

Despite much publicity, oil companies’ recent commitments to green investors remain modest. And do not expect much from the courts. Lawyers are bringing waves of actions accusing oil firms of everything from misleading the public to being liable for rising sea levels. Some think oil firms will suffer the same fate as tobacco firms, which faced huge settlements in the 1990s. They forget that big tobacco is still in business. In June a federal judge in California ruled that climate change was a matter for Congress and diplomacy, not judges.

The next 15 years will be critical for climate change. If innovators, investors, the courts and corporate self-interest cannot curb fossil fuels, then the burden must fall on the political system.

In 2017 America said it would withdraw from the Paris agreement and the Trump administration has tried to resurrect the coal industry. Even so, climate could yet enter the political mainstream and win cross-party appeal. Polls suggest that moderate and younger Republicans care. A recent pledge by dozens of prominent economists spanned the partisan divide.

The key will be to show centrist voters that cutting emissions is practical and will not leave them much worse off. Although the Democrats’ emerging Green New Deal raises awareness, it almost certainly fails this test as it is based on a massive expansion of government spending and central planning.

The best policy, in America and beyond, is to tax carbon emissions, which ExxonMobil backs. The
gilets jaunes in France show how hard that will be. Work will be needed on designing policies that can command popular support by giving the cash raised back to the public in the form of offsetting tax cuts. The fossil-fuel industry would get smaller, government would not get bigger and businesses would be free to adapt as they see fit—including, even, ExxonMobil.

PS: This isn't my handwriting. initially, I thought it was a joke or something lol..I have no idea what to write as I'm frying some personal beans rn, so I decided to share this beautiful article I read on "the Economist" sometimes ago. it's a lecture anyway it shouldn't be restricted to Nigeria alone. I hope y'all enjoy it too.

source: https://www. economist .com /leaders /2019/02/09/the-truth-about-big-oil-and-climate -change

mathology5431:
This is to inform all local men that there be a program tonight called cross over night! ........theme: Cross over Into APL"......
Introductory speech will be given by @bobowaja
Lecture 1 to be given by @mosgoon
Lecture 2 by @UncleJarus
Lecture 3 by @Teaser
Medical Orientation by @Gbriels
Item 7 @ChasteGhuy
TF distribution by the Zonal secretary himself @Mathology
Official announcement of APL by @easysnipermoney
Closing remarks by @Ladyheaven

To all concerned members of Local Men Association.
We will be releasing our official members list soon, it might likely accompany the long awaited APL !!!! Register for membership now!!!!! Pay your fee with our treasurer!!!! You can pay to me too.

Signed
Zonal secretary, Local Man committee for NNPC

I'm working on the lecture wey I go deliver...

Biaso:
This defies logic.

he no well sef....

menipo:
I just confirmed from a good sauce that's also spicy that the 9th & 10th is valid the only twist is that it's the presidential list that would be released

So brace yourselves guys.

The merit list like local men and women used to call it is actually on hold and nothing has been said if or when that would drop las las.

Peace and One love....

oh really.... Dorado right now

olasunky15:
Congratulations sir.

no congrats oh...lol bro...as things dey go now..I wan my money....fuel don dey finish inna this bus ooo....

Swargu:
Nice one but try this.. Just park, jump out, start running and watch everybody run out of the bus. ;

ok bro...I go pack wella

larride:
He go enter very soon bro. We gats dey the same boat bro.

lol bro...I hope so oh...maybe tomorrow sha...nothing new. I dey wait for my money oooo

Swargu:
Make that bus no go get accident when them pay you oh

lol bro...I go handover to another local man...

Rexmy:

See what alert has caused

Teaser4, I learnt you are the new driver... I hope by the time alert locates you, you won't miraculously disappear and leave the bus to crash with no driver.

lol bro....dem never pay me so I still Dey drive ooo.

joobseekar:
mosgoon, teaser4, mathology, how far?

e never show here ooo

larride:
Teaser4, at this junction, I want to say it’s being a wonderful experience with you on this journey but the time has come for me to disembark and join my family bobowaja, Jarus, ChasteGhuy in the everybody will be paid group.

I wish you safe journey, may your bus not crash. Goodbye.


Bobowaja, ChasteGhuy, please come welcome introduce me to the rest of the family.


For the rest that hasn’t seen alert yet, the meme below is your case.

OMG!!! I can’t believe Lazarus don locate you bro. I go join you soon bro. Mesef Dey wait for my money oooo

Make una no too dey anticipate for apl, wen e go drop y'all won't see it coming.

My source: Common sense

Good night

Enrypech:


Okay na but my guy say I don too big for sand sand play, let's change it to husband and wife play

Are you game?

oh you mean Daddy and Mummy

Beeam:
English doesn't really put food on most people's tables oh, degrees, skills and attitude etc do that.

But most times (except u operate in d informal sector), ur English determines which table u are allowed to dine at or not in some professions more than others.

One of my side hustles is preparing presentations for, or sometimes substituting for smart technical whizzes who can't string a presentation together when they need to face potential investors, partners or other stakeholders. One of the many skills I picked up during my time in McKinsey's orientation programme for graduates b4 I eventually rejected their employment offer.

Having said that, here are some more English tips to improve on the errors in ur own post:

1. U already started with "lots of English professors" (plural), u come switch to singular when u reach "meal on your table". Unless all the English professors wan share one single meal on one table (figuratively), u for just make am plural too.

Still on d same sentence, u started with present perfect tense "I hope Una English dey put good meal on your table" come switch to present continuous in d middle "and paying the bills regularly". Concord is pained by this blunder.

2. Your instead of you

3. Concord again. Scenario "happened" in d past, all ur other verbs in that statement were past tense too. Spot should have been spotted as well.

4. Concord again, again! Your lives DEPEND....not depends.

P.S.
1. I notice say u no too dey gbagaun wen u write 4 pidgin. Maybe u shd stick to that form more?

2. My words are like "petepete"(it's like wen mud splatter), anybody wey e hit make e be guided. make una insult-quote me I go curse you instantly ni, good riddance.

oshey baami....

BenFlash:
Using style to dust off my 'Contra' cartridge and Sega video game and console. Both 'Kabu Kabu' and Uber, all na "taizi"

lol bro...me I can't forget my darling super mario...I no remember the name of the console...that feeling when one collect "star" "kotakoromi"....

someone said he no go repay the 1k wey he borrowed, and go swallow his sim join... my chest ooooo

What is Eazy?

David Lyon ko David Barca ni...

Biggerboi:
I know someone will point this out, u ppl are still slaves nearly 60 years after independence. This very guy did a mock interview for me before i did mine, u will really be amazed by how he was able to recall his basic physics and chemistry more than 20 years after leaving secondary school, i had brilliant lecturers at ahmadu bello university that were far much more intelligent than u will ever be in your miserable life, but english was never their thing...if english is the measure of intelligence, nnpc wont have asked us current affairs gmats and other questions during our cbt, all the questions will have been based on english.
u really need to change your mentality, i really am offended by this your comment.

I was gonna react to that too...but in the spirit of minding my business, I chill for you make you react first, so I fit pass my comments. its funny sha, we gat lots of English professors here, who are quick to condemn or notice blunders... I hope Una English dey put good meal on your table and paying the bills regularly, if you dey earn peanuts per month with you English wetin yu gain.... life doesn't revolve around good grammar, some be acting like fvcking undergraduates, in real life nobody give a fvck about your good grammar...a funny scenario happened earlier today, some bunch of jobless folks spot blunder on zlatan's(an indigenous rapper)tweet , he replied on another post how some graduates dey beg for giveaway on his timeline... If you sabi good English good for you, abeg leave others wey no sabi or folks wey no like stress, I no believe anyone here no sabi basic English, I remember most of our lecturers back then in college wetin concern dem...y'all need to grow up and ignore some things wey no dey relevant, what shall it profit yu, upon your good grammar and apl still no locate yu and yu return to your 100k job. Dey here dey catch blunder like say Una lives depends on it...e go clear for Una face soon... poverty is real.

PS: my words are like "petepete"(is like wen jump inside mud), anybody wey e hit make e be guided. make una insult-quote me I go curse you instantly ni, good riddance

tejiri4:
You not still answer why some people are paid in a particular date why some are not. Even if the tfare is split or in badges why not pay everyone for a particular date.

lol bro....

iReddington:
Why you go put your family pics, you're a scammer, because no self respecting man will put his family and loved ones at risk because of paltry 25k. You be thief.

h

ChasteGhuy:
fine o. Ladyjane5657 is taking good care of me

oh sounds good...enjoy bro

BenFlash:
Oh boy, allow am to say sorry first oo, he is wise. Dem no dey use two legs enter water wey you no know how deep. Before the mob go come for him head dey ask am whether na only him get goods to sell? Abi him no see car sales thread?

Just allow am to market him product undercover jeje

you're right bro.... it is well

Beeam:
Simply put, frequent commenters on this thread are fools..

Teaser4
Benflash
Femokleen
Larride
Ladyjane
Mathology5431
bobowaja
cocococo
phenolic
DanExplore
Mosgoon
Jarus
22General

And co....

Somebody is talking to u people stylishly.

local man no understand those big grammars in his post, as I no wan use dictionary yet, so I ignored.

ChasteGhuy:
you no go hustle today?

lol bro... Iocal man wan rest today ni. how's your side brother

22General:
Thanks Chief

yw big brother...

BenFlash:
Shuu, you don dey discuss am already nah

lol bro

Beaam is awake

BenFlash:
Lol, you want to discuss it here?

lol...not really...I just dey feel that Indian man with red scarf.

22General:
Sorry to deviate. While we await APL, based on AOB. I have a clean ML 350 for sale. Give away price. 08030488342 for further enquiries.

sorry for what...you no dey deviate bro...market yourself wella, so folks go dey plan how to contact you when first upfront drop.

Who's watching the UK parliamentary session on CNN... .. ...

bobowaja:
I slept well.... Make apl come quick. Maybe wars go end for here.

abi now...everybody go sabi dem fate and do the needful....make dem kwantinu wars ooo...have a wonderful day boss