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IMF Bank: "We Will Be Toasted, Roasted and Grilled"

#1
IMF Chief Christine Lagarde Issues Stern Warning About Climate Change: 'We Will Be Toasted, Roasted and Grilled' | The Weather Channel

NEWS

IMF Chief Christine Lagarde Issues Stern Warning About Climate Change: 'We Will Be Toasted, Roasted and Grilled'
By Sean Breslin
less than an hour ago
weather.com





International Monetary Fund Managing Director Christine Lagarde joins a panel on Fighting Corruption during the IMF/World Bank Annual Meetings at the IMF Headquarters, Oct. 15, 2017.
(Stephen Jaffe/IMF via Getty Images)


At a Glance
  • The head of the International Monetary Fund did not mince words when talking about climate change.
  • Christine Lagarde said if changes aren't made now, in 50 years, the planet will be "roasted, toasted and grilled."




During a recent panel discussion in Saudi Arabia, the head of the International Monetary Fund had strong words for those who do not believe action on climate change should be taken.


Speaking at the Future Investment Initiative in Riyadh, IMF Chief Christine Lagarde said, "If we don't do anything about climate change now, in 50 years' time we will be toasted, roasted and grilled."

"If we don't address these issues ... we will be moving to a dark future," Lagarde added, as reported by the French Press Agency.

(MORE: Another Country Joins the Paris Climate Agreement)

Lagarde also mentioned the need to make important decisions for the future of the planet in the coming decades, which includes focusing on green energy. As a result, oil will likely need to become a "secondary commodity" within 50 years, CNBC.com reported.

While such comments made in an oil-rich nation could be seen as controversial, Lagarde added that these necessary steps are "well understood" in Saudi Arabia, the CNBC.com report also said.

However, Saudi Aramco CEO Amin Nasser, who spoke on the same panel, said the switch to cleaner energy will likely take decades.

"Alternatives, electric cars and renewables, are definitely gaining market share, making a lot of progress and we are witnessing that," he said, as reported by CNBC.com. "However, it will be decades before they take a major share of the global energy supply."
 
#2
This sentence: " "If we don't address these issues ... we will be moving to a dark future," Lagarde added, as reported by the French Press Agency."

While I'm glad the woman recognizes our current dangers and is willing to speak publicly about them, look at the language she uses, "If we don't," which I take to mean the IMF. This is disturbing. A la Naomi Klein's analysis, the IMF could decide it was going to engineer planetary systems to minimize dire effects of climate change even as it takes advantage of the emergency to further establish its economic control over everyone everywhere.

I think those of you with access to public forums need to emphasize in writing about this development that the IMF and capitalism got us into this catastrophe and should not be relied upon to get us out of it. If capitalist methods of addressing climate change take hold, democratic systems will disappear. Even the proposal that the IMF lead in addressing climate change is blatantly autocratic.

I don't read the woman's comments as necessarily positive. She is now using fear of climate catastrophe to her advantage. Cheeky, that.

Sandra
 
#3
In counterpoint to the weather.com article about IMF, I want to post an article that Dennis provided to the listserve, which specifies capitalism's undeniably destructive side: "The Suicide of Capitalism" The Suicide of Capitalism

I do appreciate that the IMF article was posted on weather.com. Most weather sites are studiously avoiding mention of climate change. This article may signal a positive shift toward the recognition of climate change's reality? Perhaps others are following this more carefully than I.
 
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