Demand is a function of many factors, including individual ethical concern and cost. Exxon has spent billions to reduce both of these effects - ethical concern

Demand is a function of many factors, including individual ethical concern and cost. Exxon has spent billions to reduce both of these effects - ethical concern is reduced because of the seed of doubt about climate change, and cost is reduced because of political contributions. Exxon is a great example of a firm successfully privatizing profit and socializing cost.