After decades spreading misinformation about greenhouse gas emissions’ role as a driver of climate change, the deceptive tactics of the fossil fuel industry are slowly beginning to backfire.
In December, for instance, General Electric announced major cuts to its fossil-fuel-heavy power department — and the pain of this unplanned transition is already being felt by the people least responsible for the company’s decisions: its workers.
In the last two years, many stories have surfaced on the knowledge major fossil fuel companies like Exxon-Mobil had about the climate impacts of their activities, and the many tactics these same companies employed to deceive the public about these impacts. But they may have also managed to deceive themselves.
Cheered on by a president who’s gone above and beyond to prop up the fossil fuel industry — from announcing his intent to withdraw the U.S. from the Paris climate agreement to pushing for approval of the Keystone XL Pipeline — dirty energy companies are deluding themselves that business as usual is a possible path forward.
This self-delusion may be beginning to reach its limits. The latest sign arrived on December 7 at General Electric — a global player in electricity for the past 125 years — with the announcement of an 18 percent cut to the power department, the biggest and one of the oldest departments of the company.
CEO Russell Stokes pulled no punches explaining the cuts: The decision aims to right-size the business amid a decline in fossil fuel usage — particularly coal and natural gas. The announcement came a mere two years after GE’s decision to double its fleet of large coal turbines — a clear misjudgment.
This would be good news if it not for one detail: jobs. GE’s decision alone will cost 12,000 jobs worldwide.
If companies continue to resist transitioning from fossil fuels to renewables, these massive jobs losses will be just the beginning.
The Department of Labor estimates that roughly 200,000 people are currently…