Climate Devastation and Fossil Fuel Profits – The Bullet

What do Pakistan, Puerto Rico, and Jackson, Mississippi, have in common? They’ve all recently experienced climate-related catastrophic rains and flooding, resulting in the loss of homes, electricity, and running water. But, even more importantly, they are all low-income regions inhabited by people of color – the prime victims of climate injustice. They face inaction from negligent governments and struggle to survive as fossil fuel companies reap massive profits – a status quo that United Nations Secretary-General António Guterres has called a “moral and economic madness.”

According to the Associated Press, “Oil companies in July reported unprecedented profits of billions of dollars per month. ExxonMobil posted three months profits of $17.85-billion, Chevron of $11.62-billion, and Shell of $11.5-billion.”

https://socialistproject.ca/2022/09/climate-devastation-and-fossil-fuel-profits/#more

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