Pope Francis addresses energy representatives at the end of a two-day meeting at the Academy of Sciences, at the Vatican, June 14, 2019. Vatican Media—Reuters
GREAT NEWS IN A NUTSHELL!! Bravo! Bravo!!1 I LOVE POPE FRANCIS ~. A true leader for the world! The radically outspoken (Thank God!) Pope Francis met with 12 CEO’s of the world’s most powerful gas and oil companies and many leaders from the major investment firms. He convinced them to formally acknowledge the undisputable science and seriousness of climate change. They agreed to new carbon pricing mechanisms including carbon taxes and a strategy to significantly advance sustainable business practices and the transition to renewable energy.
THAT IS, by all accounts, A GLOBAL GAME CHANGER! SPREAD THE NEWS!
Francis admonished climate skeptics, “We do not have the luxury of waiting for others to step forward, or of prioritizing short-term economic benefits,” the pontiff said.
The CEOs in attendance – which included the chiefs of more than a dozen energy companies, including the CEOs of ExxonMobil, BP, Royal Dutch Shell, Total, Chevron, and Eni, plus Black Rock, BNP Paribas and Hermes Investment – appeared to get the message.
In a joint statement, they agreed to the need for a three-pronged approach that calls for further innovation and investment in sustainable energy solutions and the introduction of new carbon pricing mechanisms, and even carbon taxes. “Reliable and economically meaningful carbon pricing regimes,” are needed, the signatories said, “whether based on tax, trading mechanisms or other market-based measures, should be set by governments at a level that incentivizes business practices, consumer behavior, research, and investment to significantly advance the energy transition while minimizing the costs to vulnerable communities and supporting economic growth.” Read the article here. . .
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