Posted at 350.org:
Bill McKibben and his friends shown in the movie understand the problem. Unfortunately, they don’t understand the solution.
Any solution needs to get the fossil fuel companies on board. That is easily done once you do the math on prices.
Bill McKibben doesn’t even ask the question. He has not thought about the issue and developed an answer that is different than the Phaseout Profit Theory I am preaching here. There is nothing in the whole film that shows what, in his opinion, happens to the fossil fuel companies’ bottom line once 350.org wins.
Eventually, the transition to renewable will be done. The only question is how long it takes. Setting this up as a fight with the fossil fuel industry is a great way to waste a lot of time.
Both sides, the fossil fuel industry and 350.org, need to work together to figure out how the fossil fuel companies can continue to make money by selling only 20% of reserves. Fortunately, it is not difficult to figure out.
Actually, their profits will explode if they get to keep 80% of the resources off limits.