Richard KnottGreenpeace report finds only 7.3% of oil company investments are in energy transition #renewables #climatechange
Tarh@richardknott I'm not worried about them, I'm sure they already have a plan for when we stop buying oil from them. They are not going to go bankrupt because the oil is no longer sold.
@Tarh the concern is they will keep pushing oil and not help with the transition whilst the world gets warmer and less inhabitable. Short term profit vs long term corporate interests seem to rule.
@richardknott The purpose of these companies is to make a profit by extracting and selling oil. It's a bit utopian to think that they will stop doing it on their own.
It is a political problem, we can make the extraction of oil illegal, too expensive, by taxing each barrel extracted or the sale of oil not profitable enough, again with taxes.
These companies are just hoping to make as much money as possible before action is taken.