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It's all quite baffling, because they could instead of invested some of those megabillions in extending their reach into low-carbon energy sources, embracing th
by mathw 9y ago
It's all quite baffling, because they could instead of invested some of those megabillions in extending their reach into low-carbon energy sources, embracing the new world and continuing to exist.
- vertex-four 9y agoThe thing is, the reason they have those megabillions and continue to make money is the institutional knowledge they have of how to run a mature business in the industry they're in. Parts of that will translate over to nuclear power or whatever comes next, but for a very significant chunk of it, they're competing with every other business in the new industry, many of which will have a lot less baggage - which is incredibly risky.