Philosophy 2074F/G Lecture Notes - Lecture 9: Paris Agreement, Grand Banks Of Newfoundland, Muskeg
11 Dec 2018
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Ethical oil - canadian oil sands oil, distinguishing it from that from other parts of the world. 7 of the world"s wealthiest companies are oil firms, producing "black gold" (crude oil) Third largest reserve in the world, and responsibly for 1/3 of alberta"s greenhouse gas emissions: open-pit mining destroys the boreal forest and muskeg (deforestation, habitat fragmentation, species loss) The first universally binding global climate plan aimed at reducing co2 emissions for 195 countries. The world is within 30 years of exhausting its carbon budget (amount of co2 it could emit without going into the danger zone above 2c warning) - we are heading towards 5c. Carbon tax - a fee placed on the carbon content of fuels. Encourages polluters to reduce co2 emissions and promote clean energy: businesses have an obligation to the environment only insofar as it maximizes returns, but an environmental commitment can help to maximize returns.
