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    • The Greed Model alive and well – a case study in rampant environmental exploitation
     
    May 1, 2015

    The Greed Model alive and well – a case study in rampant environmental exploitation

    News

    Guardian, George Monbiot:  ‘Wrapped up in this story is everything that’s wrong with the way our economy works. Corporations ream the land with giant holes, extract a stack of money, then clear out, leaving other people with the costs. There’s a briefer description: legalised theft.

    This is an account, scarcely mentioned in the national media, of the massive unfunded liabilities emerging from coalfields throughout Britain that opencast mining companies have been allowed to walk away from. In terms of irresponsibility, it’s comparable to the nuclear industry’s failure to fund its decommissioning costs. And it offers a solid argument, even to those who continue to reject climate science, for keeping fossil fuels in the ground.

    As I write, Neath-Port Talbot council in south Wales is considering a new application for an opencast coalmine. The mine is unpopular, but its proponents argue that it’s necessary. Why? Because only by digging a new pit, they say, can the money be made to fill in an old one. How could this be true, when millions of tonnes of coal have been extracted? Where did all the money go?

    You think you are inured to the worst of British politics? Read on.

    http://www.theguardian.com/commentisfree/2015/apr/28/big-coal-keep-it-in-the-ground-energy-opencast-mines

    Tagged: Exploitation, Greed

    Ocean and Coastal Futures Ltd
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    Low Hauxley
    Morpeth
    Northumberland
    NE65 0JR

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