You are in free guest mode.
Timed Practice
Revision List
Attempt History
Progress Tracking
Create a free account to unlock these tools
Practice Listening: Multiple Choice, Multiple Answers
ID: #4144
Medium
Climate protection
Transcript:
The old story about climate protection is that it's costly, or it would have been done already. So government needs to make us do something painful to fix it. The new story about climate protection is that it's not costly, but profitable. This was a simple sign error, because it's cheaper to save fuel than to buy fuel, as is well known to companies that do it all the time for example, Dupont, SD micro electronics. Many other firms IBM are reducing their energy intensity routinely six percent a year by fixing up their plants, and they get their money back in two or three years. That's called a profit. Now, similarly, the old story about oil is that its if we wanted to save very much of it, it would be expensive, or we would have done it already, because markets are essentially perfect. If, of course, that were true, there would be no innovation, and nobody could make any money. But the new story about oil is the government doesn't have to force us to do painful things to get off oil not just incrementally, but completely. Quite the contrary the United States, for example, can completely eliminate its use of oil and rejuvenate the economy at the same time, led by business for profit, because it's so much cheaper to save and substitute for the oil than to keep on buying it. This process will also be catalyzed by the military for its own reasons of combat effectiveness and preventing conflict, particularly over oil.
According to the speaker, how protecting the climate can be better for companies?
* Click on the correct answers
Result:
With a free account:
Retry and compare every attempt.
Be the first!
No community answers here yet — submit yours and help others learn.
Saving...