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I'm with a basic knowledge of accounting an propaganda is useful. The big issue facing fossil fuel companies is their liabilities will exceed their assets maki
by Gibbon1 3y ago
I'm with a basic knowledge of accounting an propaganda is useful.
The big issue facing fossil fuel companies is their liabilities will exceed their assets making them at first accounting insolvent[1] then later functionally insolvent[2]. Finally doomed[3]. Blackamoors job is to push these off for as long as possible.
[1] Still cash flow positive but unable to pay off liabilities in full.
[2] Defaults on debt.
[3] Assets completely stranded. (Operational costs exceeds income)