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> So yeah: shifting to those technologies will force a big geopolitical change and the executives at fossil fuel companies who boasted being accused of war crim
by cinquemb 5y ago
> So yeah: shifting to those technologies will force a big geopolitical change and the executives at fossil fuel companies who boasted being accused of war crimes as a sign of commitment a sure way to advance their careers in front of large group including me (sic) might have a bit of a reckoning. I’ll let you guess which war zone, environmental disaster there were talking so causally about, because they are so many — hint: they were also accused of genocide there; except that’s not really a helpful hint, is it? The oil barons in the Gulf who routinely use slavery and prostitue girls as young as 7 or 8, both in broad daylight, might have to change their lifestyle too.
One also has to consider that existing structure of the global financial system, that finances a lot of these operations and has a lot of value locked up in them long term, has less incentive to pursue such initiatives to the degree that they can hedge the downside risks of the long term losses on those assets onto somebody else while building out new renewable infrastructure.