by 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
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Is the Labour government delivering on its promises?
John Quiggin writes Dispensing with the US-centric financial system
New Economics Foundation writes Whose growth is it anyway?
Matias Vernengo writes What is heterodox economics?
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