BBC joins Guardian divestment campaign

Apr 16, 2015
Bishop Hill in BBC, Climate: WG3, Ethics

With Alan Rusbridger's divestment campaign being relentlessly hammered in the Guardian, it's no surprise to see Roger Harrabin answering the call to arms with an article at the BBC on the same subject. It's quite funny in parts:

Are we approaching the twilight of the fossil fuel era? A few years ago that question would have seemed absurd. But a combination of forces is squeezing carbon assets like never before.

The oil price remains stubbornly low.

And of course we can't burn the fossil fuels, blah blah.

The oil price is of course low because of a surge in production. I'm struggling to see oversupply of a commodity as the herald of its downfall. Readers should also rest assured that the consequences of divestment for the Third World are not addressed. For the BBC and the Guardian and their fellow travellers it is morally wrong to consider such unpleasantness.

Article originally appeared on (http://www.bishop-hill.net/).