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Albert Pinto Profile picture
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11 Sep, 4 tweets, 4 min read
Democrats 'build back better' bill will give unto $12,000 in tax credit for new Electric Vehicle purchases! waysandmeans.house.gov/sites/democrat… Image
"Even if the president persuades Congress to fund his climate aid proposal, it’ll still be less per year than what the U.S. spends on a single aircraft carrier." ht @AlexCKaufman
Its the 0.4 in $11.4 billion for developing countries that is *chefs kiss*
huffpost.com/entry/biden-un…
"annual cost of *five* Green New Deal bills combined is still almost $300B less than the amount the House voted to give the Pentagon next year" ht @stephensemler
@JamaalBowmanNY @sunrisemvmt @CoriBush @AOC @saaaauuull
More Arms Race or more Schools... stephensemler.substack.com/p/climate-chan… Image
Americans spend about $30 billion on toys each year = 1 toy unit

Amount of climate investment in Biden #BuildBackBetter plan has been negotiated down to ~$300 billion over 10 years, so just about 1 toy unit.

So much more money for military boys & toys Image

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More from @70sBachchan

Albert Pinto Profile picture
21 Oct
Pentagon just unclassified its Climate report to the National Security Council.

Department of Defense wants you to know climate change is a "threat multiplier". What are all our poor bases in shithole countries going to do?
#GeopoliticsOfGHGs
media.defense.gov/2021/Oct/21/20… Image
US defense technocrats will now include Climate in prioritizing threats; in strategies for countering threats; in planning missions of the armed forces; in what weapons to develop and five-year plan for investments that support strategy #GeopoliticsOfGHGs
media.defense.gov/2021/Oct/21/20… Image
gotta love the big nerd brain energy in Pentagon planners.

Guys guys this climate change thing that our scientists are telling us about for 50 years? What if, like, its too hot for planes to take off or, get this, wildfire smoke makes bombing harder?
media.defense.gov/2021/Oct/21/20… Image
Read 13 tweets
Albert Pinto Profile picture
21 Oct
US- Russia a thread

Worlds largest oil and gas producers? ✅✅
Military budgets many times larger than green investment? ✅✅
Grains in drought?✅✅
Massive forests going up in smoke? ✅✅
Massive chutzpah to create carbon offsets with said forests? ✅✅
bloomberg.com/news/articles/… ImageImage
2/“You wouldn’t always know it, but it went up every year I was president. That whole, suddenly America’s like the biggest oil producer & the biggest gas — that was me, people"-@BarackObama

Energy Independence/Dominance is a hell of a drug in both US (green line) & Russia (blue) Image
3/ Biden's infrastructure bill is now ~$2 Trillion over 10 years. Sounds like a lot right? $200 billion each year. But just about $30B each year is for Climate

US spends ~$750B p.a on the military,25 TIMES more than all climate programs #GeopoliticsOfGHGs Image
Read 6 tweets
Albert Pinto Profile picture
19 Oct
US Power Sector emissions alone "exceeds GHG emissions of all but seven countries". US is the largest oil & gas producer on the planet.

Fight in US Congress is a big deal. If Biden can't do it with legislation, he will face opposition on regulations from GOP dominated courts
The N American oil complex has raised ~$1000 Billion from banks & pension funds to frack oil & gas over next 5 yrs.

At UN's #COP26, developing countries haggle over a symbolic $100 Billion from rich countries for climate wri.org/blog/2018/11/n…
Useful to zoom out. What makes climate action hard in the US?
1 It became the worlds LARGEST producer of Oil & Gas over last decade.
2. The Oil & Gas industry employs 10 million people across a dozen states that are overrepresented in Senate
ht @HelenHet20 newstatesman.com/world/americas…
Read 5 tweets
Albert Pinto Profile picture
16 Aug
34/ China's anti-Robber Baron moment? New five-year regulatory effort on Edu & Technology-related sectors on issues like overseas listings, antitrust, privacy.

“looking after middle-class people both in their role as consumers & in their role as workers” ft.com/content/bdcbbd…
35/ Forget 'varieties of capitalism'. We need a 'varieities of corruption' literature. Her fabulous essay on the Robber Barons of Beijing should make you run out to get @yuenyuenang's seminal book
foreignaffairs.com/articles/asia/…

book: sites.lsa.umich.edu/yy-ang/wp-cont…
36/ "Since Trump's trade war, there has been a total increase of about $200 billion in tariffs from China. For e-commerce companies, this means direct China-US trade has become too expensive. The solution? Mexico."
ht Spencer Potiker @CharmaineSChua
Read 9 tweets
Albert Pinto Profile picture
8 Aug
Everyone please read Project Drawdown drawdown.org/solutions/tabl…
We need to weave many different climate solutions in this decade & all hands required on deck! ht @GlobalEcoGuy globalecoguy.org/we-need-4-wave…
1 Quick Wins
2 New Infrastructure
3 Growing Natural Sinks
4 Deploying New Tech
2/ " “Quick Win” solutions focus on halting highly destructive practices, such as widespread deforestation, flaring and fugitive emissions of methane, and “black carbon” emissions from dirty cookstoves, biomass burning, and other sources" drawdown.org/solutions/tabl…
3/ There are obstacles to implementing all of these "Quick Win" solutions, of course, but they offer large and immediate emissions reductions, plus strong economic returns. They are among the lowest hanging fruits globalecoguy.org/we-need-4-wave…
Project drawdown: drawdown.org/solutions/tabl… Image
Read 9 tweets
Albert Pinto Profile picture
7 Aug
21/ "While policymakers in advanced economies...argue about whether...aggressive fiscal stimulus...will generate inflation...inflation has already reached the developing world in the form of rapidly rising global commodity prices incl food"
ht @Jayati1609 foreignpolicy.com/2021/08/05/eme…
22/ "Once it is recognised that the US external accounts are driven less by relative goods and service demand—that is by real goods and services—and more by global demand for US financial assets..."

@GeneralTheorist on the world dollars make & unmake moneyinsideout.exantedata.com/p/the-end-of-b…
23/ EM banks borrow heavily in dollars.Dollar appreciations lead to contraction in EM banks net worth because the currency value of local assets declines while $ liabilities increase.That leads to declines in credit & invtmnt in EM federalreserve.gov/econres/ifdp/f…
Read 8 tweets

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