Although I am not too surprised to see oil and gas producing a net benefit (on purely financial terms), I am surprised to see that food producers would be bankrupt if they had to pay for the environmental damage
(Note that earnings are based on prices and costs, not value, which is surely a multiple of most industry's earnings.)
Bottom line: We should be paying far more for food (electricity, metals, mining, and so on) as a means of compensating for damage or as a result of shifting to more sustainable production methods.
2 comments:
The figure shows Growth in EBITDA vs growth in external environmental costs, 2002–2010. In terms of the analysis, this has a different implications
Very surprised to see the environmental costs of both food and electricity exceed costs of oil and gas production.
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