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Global Britain’s real climate changers: Big Oil must be taken down

Summary:
This is such an informative article that it was difficult to find an excerpt as every bit is pertinent. In Britain the chief generators of climate apartheid can be summed up in two words, “BP” and “Shell.” Hydrocarbon capital is especially concentrated in the UK.... Taken together with the ownership patterns of the big mining companies, these figures indicate a broad pattern of money from global extraction operations being sucked into London as the executive and financial centre; and then distributed as property income through asset management houses to shareholders in the UK, and to similar rentiers in the US, Western Europe and some, mostly white, ‘Commonwealth’ countries.MR OnlineGlobal Britain’s real climate changers: Big Oil must be taken down

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This is such an informative article that it was difficult to find an excerpt as every bit is pertinent.

Global Britain’s real climate changers: Big Oil must be taken down


In Britain the chief generators of climate apartheid can be summed up in two words, “BP” and “Shell.” Hydrocarbon capital is especially concentrated in the UK....


Taken together with the ownership patterns of the big mining companies, these figures indicate a broad pattern of money from global extraction operations being sucked into London as the executive and financial centre; and then distributed as property income through asset management houses to shareholders in the UK, and to similar rentiers in the US, Western Europe and some, mostly white, ‘Commonwealth’ countries.

MR Online

Global Britain’s real climate changers: Big Oil must be taken down

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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