Tuesday, October 14, 2008

CAN WE BAIL OUT THE ENVIRONMENT NOW PLEASE?

Anyone for fish? Oops! Sorry, too late...



EXCERPT FROM POST BY GEORGE MONBIOT TODAY:
(also in today's Guardian)

"...As we goggle at the fluttering financial figures, a different set of numbers passes us by. On Friday, Pavan Sukhdev, the Deutsche Bank economist leading a European study on ecosystems, reported that we are losing natural capital worth between $2 trillion and $5 trillion every year, as a result of deforestation alone(1). The losses incurred so far by the financial sector amount to between $1 trillion and $1.5 trillion. Sukhdev arrived at his figure by estimating the value of the services - such as locking up carbon and providing freshwater - that forests perform, and calculating the cost of either replacing them or living without them. The credit crunch is petty when compared to the nature crunch... "

See the whole article at Monbiot.com .....Tell it like it is George!

MORE ON FISH...
It's funny isn't it, the Icelanders are talking about doing a bit more fishing to sort out their economy...well, they'd better be quick. And they might have to steam a long, long way - we've already pretty much fished out everything around here.

MORE FISHINESS...
Isn't it great that the Bank of England is lending money to Iceland to help them honour deposits made by UK councils etc? Then if the Bank of England collapses she can just get a wee bailout from Iceland no doubt....or some fish??

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