Posted by botanical 1 hour ago
> a person with a 20% share in a company has 20% of its emissions allocated to their shareholder emissions
While shareholders obviously hold a greater degree of control over a company's emissions than a random consumer, assigning 100% of the blame for oil company emissions to the owners and 0% to people buying oil seems insane.
Also, filtering only for owners that control a 10% or higher stake masively skews the results as large portions of companies are held by the general public in much smaller quantities via 401ks, pensions, etc.
Considering everyone is in index (or mutual) funds these days, do they actually own any shares in the underlying companies? I’m not sure they do? The fund surely owns shares of various companies, but the holders of the fund aren’t shareholders in the underlying companies.
Perhaps this is a silly point to make, but the fund providers will show up as 10% owners if the general public has any significant stake in these companies.
Ok well people are obviously going to keep doing it, so what is the point of caring about fault to begin with if you can't do anything about it? We at least have legal control over capital.
Anyway you can blame basically anything on the masses of people; it's just a fucking stupid train of thought with (again) zero utility. It's the nonreligious liberal version of praying to stop school shootings.
But what’s the appropriate allocation? I don’t think it’s zero. It shouldn’t be a larger percentage than their shareholding.
There are other examples. Eg someone who manufactures or sells dangerous items. Drugs, alcohol, guns.
They have some degree of liability in many jurisdictions. They aren't entirely responsible for what their products do. But are they zero percent responsible?
that answer might be a more accurate number than the percentage of their shareholding.
The exceptions are driving and flying. 8M is more than the private jet users, I assume. Getting rid of ICE driving is going very well (outside fossil-Luddite America).
Getting rid of flying is harder, but I fully support a rail bridge across the Bearing Strait. I'll take long sleeper trains working remote before I get to my old world vacation proper. This is good for circadian rhythm too.
Have you been to Siberia or Alaska? If you're not flying you're going to have a LONG drive once you get to either side.
You don’t have to ban a thing for 100% of cases, there will always be outliers. My wife and I love driving deep into the wilderness. But still the vast majority of our travel is routes with heavy traffic, let’s replace those trips
Yes, this is a very, very, very large Capital project :)
Large capital project = extremely high carbon cost
Producing cement, moving aggregate, and pouring concrete takes an immense amount of fuel.
It is not their money. It is our resources that they are wasting. We need to better provide for our fellow humans even if that costs the rich a percentage of their luxuries.
And let's not forget about the top 0.01%. The smaller the percentage, the more depraved the rich are, and the more they use their money to influence politics and increase poverty and suffering.
You "only" need ~$7 million to crack the global 0.1%. By income it's around $600k/year. That's nowhere close to private jet money.