|Something not completely dissimilar to a hurricane or a typhoon has been gusting at incredibly high speeds through the lowlands of Scotland today – and further afield.|
|Meanwhile, in Durban, South Africa, the world’s governments struggle to make sense. A healthy economy is a carbon-emitting economy – because industrial energy causes high carbon emissions. What needs to happen is that the energy production businesses start to diversify their portfolio – increasing the amount of energy they produce from renewable, sustainable low carbon resources, whilst decreasing the amount of fossil fuel energy they supply.
It can’t be left to individual “big hitters” to kick-start the renewable energy revolution – it requires transnational, international, multi-national and national energy companies to start to displace carbon from their products.
If they don’t, they will face mass disinvestment, as ethical concerns rise up the agenda of investor groups and funds. So, BP, Shell and Exxon Mobil – if you don’t start switching from selling us hydrocarbons to selling us renewable energy, your businesses will under-compete. You have been notified.