What the fossil fuel industry doesn't want you to know | Al Gore
Oct 2, 2023
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Nobel Laureate Al Gore discusses the obstacles to climate solutions, criticizes fossil fuel companies' climate commitments, and calls for a global rethink of their role. The podcast explores the industry's lies and profits, urgency in addressing the climate crisis, and dangers of relying on fossil fuel companies for solutions.
The fossil fuel industry actively hinders climate solutions through fraud and falsehoods, capturing policymaking processes and manipulating international climate conferences.
Financial imbalance and lack of private capital access hinder climate progress, necessitating reforms in the World Bank.
Deep dives
Obstacle 1: Fossil fuel industry opposition
The speaker highlights the unrelenting opposition from the fossil fuel industry, which actively works to slow down progress and fights against climate solutions. The industry has used fraud and falsehoods on a large scale, capturing the policymaking process and hindering efforts for change. The fossil fuel companies have knowingly lied about the impact of their operations and have brazenly taken control of international climate conferences. These actions raise doubts about their sincerity and commitment to real change.
Obstacle 2: Financial system and subsidies
The financial system and global allocation of capital pose another obstacle to faster climate solutions. Governments around the world continue to heavily subsidize fossil fuels, undermining progress. Large global banks have invested trillions of dollars into fossil fuel companies since the Paris Agreement, while also claiming to support net-zero commitments. This financial imbalance and the lack of access to private capital for developing countries hinder progress, and reform in the World Bank is needed to address these issues.
The Urgency and Hope for Climate Solutions
Despite the obstacles, the speaker emphasizes the urgent need for climate solutions and the progress that has been made. The solutions include better grids, renewable energy sources, regenerative agriculture, electric vehicles, energy storage, and green hydrogen. Renewable energy already accounts for a significant portion of new electricity generation. While challenges remain, the speaker asserts that achieving true net-zero emissions within seven years is possible. Stopping the increase in global temperatures is achievable, and the will to act is a renewable resource. The speaker encourages optimism and emphasizes the importance of listening to the voices of climate activists.
In a blistering talk, Nobel Laureate Al Gore looks at the two main obstacles to climate solutions and gives his view of how we might actually solve the environmental crisis in time. You won't want to miss his searing indictment of fossil fuel companies for walking back their climate commitments — and his call for a global rethink of the roles of polluting industries in politics and finance. After the talk, Modupe shares her own hot take on global warming and how it’s impacting everyone — from students to industry leaders.