Velshi: Oil drilling is wildly profitable. But some things are more important
04:21
Share this -
copied
Fossil fuel companies like ExxonMobil, Shell, BP, and Chevron have leased the rights to drill on federal oil and gas reserves in the Gulf. The companies bid on 308 tracts totaling 2,700 square miles for a combined $192 million. It’s one of the largest oil and gas leases in American history. Scientists say the world needs to be well on its way to cutting greenhouse gas emissions by the year 2030. Or risk climate change calamity. This latest round of oil & gas leases means companies can produce oil long past that deadline. We are going to have to decide that some things, like an earth that can continue to sustain human life, are actually more important than cheap and convenient but filthy, deadly energy. And until we make that decision, wildfires will burn hotter, hurricanes will hit harder, and glaciers will melt faster. Nov. 21, 2021
UP NEXT
Books are a 'rehearsal for what you’re going to have to meet in life’: ‘Bridge to Terabithia’ author
11:38
‘Just outright lies’: Rep. Clyburn slams Mike Johnson and Trump’s press conference
06:23
Arwa Damon: ‘Absolutely egregious’ that western world can’t pressure Israel to get aid into Gaza
06:25
Gaza is starving. This is what it’s like to be dying of hunger.
03:20
J Street President: Netanyahu must go, the only question is when
04:31
'We just continued to fight’: White supremacist ousted from an Oklahoma city council