LemLemsMar 16
George Monbiot
The additional cost of ONE fossil fuel price spike on the scale of 2022 = the ENTIRE COST of Net Zero by 2050. We get precisely nothing in return for the first cost, and a whole new, more secure and cheaper energy system from the second one. #NoBrainer www.theccc.org.uk/2026/03/11/c...

​​​​Cost of Net Zero by 2050 l...
​​​​Cost of Net Zero by 2050 less than a single fossil fuel price shock​ – CCC  - Climate Change Committee

The independent, statutory body tested its cost and energy security conclusions against different scenarios. It found that the total additional cost of a single fossil fuel price spike of 2022 magnitude is likely to be as large as the total net additional cost of meeting the pathway to Net Zero across every year to 2050. 

Climate Change Committee
Mar 13 at 11:42amWeb
Show threadgwentlarryMar 13

@georgemonbiot.bsky.social

The jump in oil prices is profiteering.

20% of the world's oil & LNG passes through the straits of Hormuz. That means 80% doesn't.

It takes 10-14 days for a tanker to travel from the Gulf to Europe plus unloading plus maybe refining.

The oil & LNG that's been sold in the last 2 weeks either didn't originate in the Gulf, was in storage tanks in Europe or was in tankers already past the straits of Hormuz and in the Indian ocean.

A windfall tax please.