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The pollution created by all the F1 teams with all their activity during a year would be about equal to that of a village in a third world country combined with a small town in the USA.
There are bigger issues in the world... but third world countries are using resources in a totally different way. They only have old, worn out, cars. They cut down trees, they have little or no idea (and their position ensures that they wouldn't care, either) about any environmental issues. They just want to eat.
Americans, by and large, use resources in a cleaner way. But they use them wholesale. I once saw a statistic that the USA uses 58% of the world's energy... of course, some of it's used making stuff to export, so it's not all their usage...
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