COMMENTS:
A perfect example of the hypocricy and the delicate balance Institutional Investments bring. Right now, the United States is investing heavily in Coal production in China and will see a massive increase in exports of Coal to China. But what do certain environmental groups do and say:
"U.S. investment in Chinese coal stocks has gone largely unnoticed. Individual investors such as the retired Texas teachers probably don't know that's where their money is going, says corporate government expert Nell Minow. But whatever their concerns about Chinese coal companies, investors find poor returns upsetting, she notes.
A spokesman for the Texas pension fund declined to comment.
Even environmental groups that have criticized the U.S. coal industry for practices such as mountaintop-removal mining have been largely silent on investing in Chinese coal. The Rainforest Action Network, for instance, focused on the United States in its criticism of Citigroup Inc. and Bank of America Corp.'s involvement with the coal industry.
So these groups will criticize the United States, their own country, while their money is invested in the Coal industry in China. So I guess to them it's okay if China is destroyed by pollution, as long as they make money?
Voted : Yes, it is ironic
We need to switch to nukes and get past burning any fossil fuels at all. Nukes might seen scary but it's nothing next to what we're doing every day burning up what we pull out of the ground. SOME environmental people are being all-or-none unreasonable (humans act like idiots when they're afraid, I've noticed) but a lot of scientists are working on making energy without oil OR coal.
by Jyl on Tue Nov 06, 07 8:18pm
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China builds a new coal power plant every week by the way.
Have you seen the power plant out on the edge of your town? Every few days a whole new one starts up in China.
by Jyl on Tue Nov 06, 07 8:21pm
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if we dumped the money that we are spending on war into the fusion research, we might have an endless source of energy by now.
of course, either way in 100 years, the carnot engine that is earth will be at about 200f.
Maybe then we can migrate to mars.
by LCD on Tue Nov 06, 07 8:39pm
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Voted : Yes, it is ironic
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When this is an everyday occurrence, watch the health-care industry refuse treatment. "It's a pre-existing condition."
And I'm with Jyl on switching to nuclear power. Please, those of you who flinched- Three Mile Island and Chernobyl were the results of massive incompetence. I spent four months of my life as close to a reactor as you are to your computer screens right now, and the experience left me with no ill effects. Find a coal miner and ask him to say the same. Expect him to be doing what the guy in the pic is doing...
Yeah, but then again, were the terrorist targets? Know what would happen if a terrorist targeted one of the NY Nuclear Power plants? CONSERVATIVE estimates are that 25 million Americans would die, the East coast from Maine to Georgia would become unhinhabitable for hundreds of years and much of the Easter part of Canada would too. All depending on how the wind blows. Are those acceptable numbers for you?
^ Tight security would solve that.
I don't mean White House-esque security where joy riders in cesnas are able to sneak past. I'm talking military base style where people, planes, etc.. are shot down with no questions asked.
Can we be sure of that? I mean the way I understand it, on 9/11, one of the most powerful and well equipped Airforces in the world, if not THE best and most equipped, did nothing to stop Jet airliners off course, knowing the threats. I'm not so certain there can ever be security.
Good point, but the the WTC and even the Pentagon (surprisingly) doesn't have their own tracking and surveillance system. No one knows what's headed toward them until Joe Blow on the street or Jane Doe looking at radar screens notices something.
There's an AFB not 2 hours away from me that has enough weapons on base to literally destroy all life on earth x 10. As a result, it's a shoot on site/no questions asked policy for trespassers. And it's happend on more than one occasion without so much as a blip on the evening news. And that was in place long before 9/11.
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