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Want to hurt the competition? Send in climate protestors… $91 billion cost

Posted By Jo Nova On December 21, 2018 @ 5:25 am In Global Warming | Comments Disabled

Opportunity costs are the most invisible costs in the world.

Purely hypothetically, if you wanted to nobble a competing country, you could pay 350.org…

“We know what it takes to stop this industry,” said 350.org’s May Boeve. “It is not a mystery, it is not magical.

Valerie Richardson, The Washington Times

Climate protests cost $91 billion in lost economic activity, chamber study finds

Climate activists fighting to derail pipelines and other energy projects have blocked $91.9 billion in U.S. economic activity and hundreds of thousands of jobs, according to a new report.

See more at: https://www.globalenergyinstitute.org/infrastructure-lost

There is no Economy B. Once we have wrecked this one….

The report analyzed 15 targeted projects, including the hotly contested Keystone XL pipeline, Constitution Pipeline, and Oregon LNG terminal, as well as New York Gov. Andrew Cuomo’s 2014 fracking ban.

In addition to $91.9 billion in lost economic activity, the protests cost nearly 730,000 job opportunities and $20 billion in tax revenue to federal, state and local governments.

…, the U.S. surpassed Russia this year to become the world’s largest crude oil producer and has led the world in natural-gas production since 2009.

REFERENCES

Infrastructure Lost: Why America Cannot Afford to “Keep It In the Ground”

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