Carbon-trading systems will likely be a boon to lawyers, lobbyists and arbitrage junkies, a panel on emissions trading heard at the International Economic Forum of the Americas conference underway in Montreal.
But it is unlikely that the requisite global trading mechanisms will be in place and working quickly enough to rescue the planet from a climate catastrophe, Michael Dorsey, an environmental studies professor at DartmouthCollege in the U.S., said.
"I want the fossil fuel industry to stop breaking the law and pay for their crimes against people and the planet."
Proposed legislation would further lower regulatory hurdles, despite environmental and public health risks.
Insiders aren’t surprised as ExxonMobil, the last remaining proponent of green algae biofuel, ends research.
Bayer’s efforts to sway public opinion are part of a strategy to “fight any sustainable transition which would harm its business”, say campaigners.
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