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I don't mean it as scapegoat- I mean it's more effective than people realize, and at a large financial cost to public companies. These groups have been calling
by beerandt 6y ago
I don't mean it as scapegoat- I mean it's more effective than people realize, and at a large financial cost to public companies.
These groups have been calling for putting principles over profits for years.
When they finally start doing it, it's not fair to also point to lower profits as a reason the industry might be in decline, when it's at least partially result of voluntary behavior done for appeasement.
But fracking isn't a long term investment activity. If it's actively being done, it's because it's profitable, short term and real time.
The profits just get shifted elsewhere and to other companies.
- bob29 6y agoFracking profitability is going down because they aren't able to operate at as high of a capacity factor, because their operational costs aren't as low as renewables.