The question was asked, "where are the people making money from climate change?" I answered it.
But my link and diagram weren't really related to the statement I made on research funding.
The diagram and links show all financing of climate-change activities (like building solar plants), not just scientific research. My second statement wasn't really connected to the reference or illustration. Obviously, the climate investors and public financers aren't spending trillions solely on climate research, any more than the oil companies are spending all their revenues on climate research.
Still, there's a little sleight of hand in that "public finance for fossil fuels" number.
Something like 75 percent of world crude oil production is controlled by state-owned oil companies, mostly in the developing and emerging economies (China, Brazil, Saudi Arabia, etc). The hundreds of billions in this category are slipped into the "public financing" or "subsidy" category in the chart you show, which we are supposed to think means tax cuts for Exxon.
Additionally, some environmentalists sweep many externalized costs into the "subsidy" category, and I've seen oil industry "subsidy" numbers that include highway financing (since cars and trucks burn oil), or a chunk of defense spending (since some of it is used to protect oil supplies). If you want to get into those definition weeds, help yourself. Better you than me.
Below is a more useful graphic for comparing pro and anti-AGW spending. Comparing vertical scales is left as an exercise for the student.
Flame » in reply to My god! At least make it a challenge!!
Apologies, I wasn't clear.
The whole thread (18 posts)
- Following the money.
