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The contemporary ecological crisis places a new spin on the notion of the "resource curse," evoking widespread concerns regarding hydrocarbon dependency. Whether environmental, in the form of global warming, or socio-political, through wars over oil, "fossil capitalism" is now understood as a global problem. The development of a global market in natural gas, heavily dependent on the development of the Liquefied Natural Gas (LNG) industry, offers an example of a corporate-endorsed solution to the simultaneous ecological and economic "crises" associated with fossil capitalism. Yet, since 2004 a cross-continental mobilization against the development of LNG terminals in North America has successfully challenged the installation of some LNG infrastructure on the West Coast. These movements stress that the investment required to build the global gas industry displaces investment in renewables. This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website.
Anna Zalik (Tue,) studied this question.