These folks clearly have no concept of finance or investment, both of which expect a return, on top of repayment. They just want unbelievable amounts of free money, all in the name of a computer generated emergency.
At this rate of damage the global total would run around TWO HUNDRED TRILLION DOLLARS A YEAR.
The best defense against a ruinous loss and damage liability claim is our innocence.
Deliberate vagueness is a hallmark of diplomacy and the elusive concept of "loss and damage" has made the grade in Egypt. The concept will now be discussed, but without the central feature of liability.
Who would have guessed that a UN COP would turn into a promotion point for fossil fuel development? COP27 is looking that way, thanks to the energy crisis and Africa's determination to develop itself.
We are talking about potentially untold trillions of dollars.
Here are some counter arguments to Dominion's claims, in reverse order since the best is last and the worst is first.
So NOAA says we cannot afford to cause the loss of even one Right Whale a year. That is what I call desperately endangered.
The UN's annual climate change global negotiating festival -- in this case COP27 in Egypt -- is less than a month away. This one could be a real hoot to watch because there is only one big issue left on the table and that is MONEY.
This is about a highly nonlinear information flow that I call an issue storm, which I discovered about 40 years ago but never wrote about because I was making lots of money knowing about it.
Push them into traffic.
When it comes to protecting the whales there is no plan.
Secrecy abounds around the monster offshore wind (OSW) project proposed by Dominion Energy. In this case it is all about the threat to the severely endangered North Atlantic Right Whales.
Many relatively low income households are systematically excluded from the rebate program, while much wealthier households qualify simply because their neighbors make more money.
A truly wild element of Biden's "Inflation Reduction" Act is the $4.3 billion dollar HOMES Rebate Program.