What would you say if someone drove a truck into your house, then jumped out and offered you a loan to help rebuild? After you stopped screaming at them, which might take a while, you'd demand that they pay for damages that they caused, of course. Over time though, if no one forced the truck driver to pay for the damages, you might be tempted to take the loan. Sure, its a rip-off, but at least you get the money you need to rebuild. This is exactly what's happening today with much needed funding for adaptation to climate change impacts …
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Steve Kretzmann has worked on energy issues and the global oil industry for more than twenty years. He has worked with communities and organizations around the world concerned with the environmental, social, and economic impacts of the oil industry. He founded Oil Change International in 2005 in order to educate about the true impacts of fossil fuels and to conduct research, education, and organizing to hasten the transition to clean energy.
He is currently campaigning for an end to fossil fuel subsidies globally, and to clean up Dirty Energy Money in the US Congress. Visit www.dirtyenergymoney.com