Fantasy Business Story
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(based upon theory, NOT an actual example)
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Chevron pays Sani Abacha of Nigeria to allow for exploration operations.
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Chevron gets investment $ from JP Morgan Chase after finding a likely oil deposit in Nigeria.
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Chase demands a percentage of the anticipated profits.
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Chevron asks Abacha to allow oil extraction work and offers a deal to Abacha.
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Chevron unearths the oil, and transports it to a Koch Industries refinery.
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Chevron pays workers for drilling, transporting, maintaining, repairing, doing research, etc.
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Koch pays Chevron for the unprocessed crude oil.
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Koch sends the refined oil, now transformed into kerosene, through a pipeline to an airport.
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Southwest pays Koch for the kerosene (jet-fuel).
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I give Southwest money to book a seat on a flight.
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Southwest flies the airplane to its destination; by burning the fuel, it creates pollution.
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After paying for worker salaries, equipment, advertising, taxes, lobbyists, etc.
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the airline, oil company, dictator, refinery owner, and investors
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all get some percentage of the money I gave Southwest.
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"Bold, fast, and wide-ranging action needs to be taken by governments and businesses.
But the (low-carbon) transition...also requires the participation of citizens – especially in advanced economies."
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