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probablyasocialecologist:
“The fossil fuel industry would need to surrender about $20 trillion in untapped wealth for the planet to avoid a temperature rise of 2 degrees. According to economists and historians, the “last time in American history that such extraordinarily valuable stranded assets existed was in 1865 and the ‘assets’ took the form of human beings,” he writes. Slaves made up half of the South’s economy and 16 percent of that of the United States, which by today’s standards would total about $10 trillion.”
— Audrea Lim, The Ideology of Fossil Fuels
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probablyasocialecologist:
“The fossil fuel industry would need to surrender about $20 trillion in untapped wealth for the planet to avoid a temperature rise of 2 degrees. According to economists and historians, the “last time in American history that such extraordinarily valuable stranded assets existed was in 1865 and the ‘assets’ took the form of human beings,” he writes. Slaves made up half of the South’s economy and 16 percent of that of the United States, which by today’s standards would total about $10 trillion.”
— Audrea Lim, The Ideology of Fossil Fuels
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