Coastal towns would enjoy an economic boon from a massive oil spill in the Great Australian Bight, BP claimed in newly revealed documents from a 2016 drilling bid.It's true, though, right? At least that's what New Orleans's political and business leaders have been telling us for years. As Ray Nagin once famously said, "There's big money in disasters." Ray was always an idea man, though. It wasn't until the following administration that we really professionalized the notion of resilience as an economic development opportunity.
The oil giant said any cleanup operation following a huge spill would bring a “welcome boost to local economies.” The claim was uncovered via a freedom of information request by the U.K.-based Climate Home News website.
BP, Ray, Mitch, et al are really the optimists here. Sure, climate change is going to destroy cities, threaten food supplies, and endanger millions. But we chose to allow that to happen a long time ago. The challenge now is for global corporations, political elites, and well placed entrepreneurs to go to work figuring out how to profit by it. That's just what leaders do.