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Theoretical price decreases are not, in fact, convincing fossil fuel companies to get into renewables when they are making record-breaking profits from FF: http
by yawaramin 3y ago
Theoretical price decreases are not, in fact, convincing fossil fuel companies to get into renewables when they are making record-breaking profits from FF: https://www.theguardian.com/us-news/2023/jul/16/big-oil-climate-pledges-extreme-heat-fossil-fuel https://www.theguardian.com/us-news/2023/jul/16/big-oil-clim...
The plan by RE people is 'Let's hope that a hundred different unlikely events all line up exactly right, and we'll be able to go fully RE'. This is not a realistic plan. If you did software engineering like this, you would be laughed out of the room (and then fired).
- pfdietz 3y agoFossil fuel companies would have no special advantage in most renewable and storage technologies, so it's rational they'd try to stick with what they're good at for as long as possible, perhaps even going down with the ship and returning value to the shareholders as they collapse.