Big oil quietly walks back on climate pledges as global heat records tumble
theguardian.com
Leading energy companies are intent on pushing the world in the opposite direction, expanding fossil fuel production and insisting that there is no alternative. It is evidence that they are motivated not by record warming, but by record profits, experts say.
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Companies like Exxon literally buy up green technology that could have huge, net-positive, impacts in the climate resiliency sphere/in combating climate change because they don't want the competition. The sheer audacity of this bald-faced fucking lie. What is the point of money on a dead planet, morons?
Why are these greener companies selling to them?
Uh, money?
Well, no shit. Hadn't thought of that.
Imagine spending all the time and effort just to be bought out by a big terrible monster they have all been claiming were bad. Enjoy the clams.
They don't know they're getting brought out to be destroyed, it's the same way Microsoft used to operate 'oh this tech is amazing we'll invest and help bring it to the masses!' closely followed by 'ok now you signed it over pack it all up into the incinerator...'
I'm sure they do
Often because they don't have the capital to roll out their technology and need to go to the market for investment.
But then the investment market fucks them.