In his excellent article ‘Money Is the Oxygen on Which the Fire of Global Warming Burns’, Bill McKibben, the founder of 350.org, explains how the world’s major global financial institutions and insurance companies are still financing fossil fuel projects – on a far greater scale low-carbon solutions.
Bill suggests that moving our money to ethical suppliers could "become one of the final great campaigns of the climate movement.” Let’s hope so. But on its own, moving our money will not be enough, because it ignores what Buckminster Fuller taught us: “You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.”
Bill’s article also ignores another fundamental truth – that our economy is built on the flawed premise that we can continually extract value and pollute our life-supporting environment without any ramifications.
