The day of a record oil price of $122 a barrel was a good day to give a lecture at the LSE on the geopolitics of high carbon dependence. The common feature of the resource crunch on fuel, food and water is the hydrocarbon economy. We are being hit in our pockets for being locked into the electricity, heat and transport systems that cause climate change, turning on its head the argument that we cannot afford to take action on climate. See what you think of the argument.
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