The American people had no share in this windfall
The latest figures from the Bureau for Economic Analysis show that the profits of the U.S. coal and oil industry increased 340% between the first and second quarters of 2022. Companies selling petroleum and coal products made an estimated $49.7 billion in profits from April to June, compared with $11.3 billion from January to March.
By James Dyke, Robert Watson and Wolfgang Knorr | – Sometimes realisation comes in a blinding flash. Blurred outlines snap into shape and suddenly it all makes sense. Underneath such revelations is typically a much slower-dawning process. Doubts at the back of the mind grow. The sense of confusion that things cannot be made to fit together increases until something clicks. Or perhaps snaps. Collectively we three authors of this article must have spent more than 80 years thinking about climate change. Why has it taken us so long to speak out about the obvious dangers of the concept of
olddogthoughts 