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You can argue both sides right? It makes business sense for oil money to do that. However, there's also a trend that giant corporations are kind of like giant
by melvinroest 1y ago
You can argue both sides right? It makes business sense for oil money to do that.
However, there's also a trend that giant corporations are kind of like giant oil tankers (no pun intended). It takes a humongous amount of energy to change a company's fundamental core business. Oil companies are in the business of oil. Even if they expand to becoming an energy company, it takes a long time for them to change their "oil DNA". Based on that, I can imagine that certain oil companies - though not all oil companies - elect to maintain the status quo.
I don't think this is unique to big oil. It's unique to big {pharma, tech, oil, *}. What I find harder to find out is what the "weights" are for both sides and how they are influenced.