Stop investments in fossil energy

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Courtesy of Ardvanderlinden

On November 17 2009, Lloyd Blankfein, chairman and chief executive officer of Goldman Sachs Group, apologized for the firm's role in some of the activities leading to the financial crisis. 'We participated in things that were clearly wrong and have reason to regret', Blankfein said at a conference in New York, 'We apologize'. The financial crisis is maybe bad, but an environmental crisis is much worse; the damage is not only financial, the effects will be there for thousands or millions of years to come and much more people will be affected. Could it happen that people currently working in the energy sector have to apologize for wrong choices and investments in the future?

Irrefutably our planet is slowly but surely dying out, an environmental crisis has become more evident then ever, leading to drought, famine, floods, misery and diseases. Undeniably humans are the culprit; we damage earth without awareness and conscience of the consequences. The unconsciousness of people about the role of the environment in our life is a fundamental problem. At this moment humans pursue wrong values and realities: work more, consume more and achieve economic growth. Our system focuses on producing products and services and delivering them to customers in the fastest and cheapest possible way. Here fore we very often use cheap, but polluting, fossil fuels. The problems will become even bigger; we currently expect that the world population will grow from 6.2 billion to 9 or even 11 billion people. To keep earth liveable we have to understand the relation between humans and nature and we need a fundamental shift in culture. Stopping investments in fossil energy is a key step in this process.

Energy is very important and a main problem for humans and earth. Energy sources can be renewable and non-renewable. Renewable energy sources are replaced in time and will not run out. Nowadays many renewable sources are available for us, i.e. solar and wind energy and water power. Non-renewable energy sources are commonly known as fossil fuels (coal, oil and gas) and are threatening to run out if our usage becomes too high. Fossil fuels consist of deposits of once living organism, the organic matter takes millions of years to form. So, it is best to not waste fossil fuels. Overwhelming abuse and usage of fossil fuels makes them become a danger for our environment, i.e. greenhouse effect/ global warming, acidification, water pollution and air pollution.

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