Big Oil has known for a very long time that their days are numbered. All of the millions they throw at elections and politicians are their desperate last straw-grasping. Big Oil needs to learn how to die with dignity. Just go, and let the next generation of power generation take over. And let me be the first to offer this article’s author a hearty “No duh?” to this paragraph:
There may be little point battling icebergs to drill in the Arctic, or in trying to extract oil from the ultra-deepwater fields in the mid-Atlantic, beneath layers of salt, three kilometres into the Earth.
In fact, there is a point to it — the point is for Big Oil to hoard as much cash as it can for itself and its heirs before its looming death — without regard to the additional damage to the climate and their fellow human beings they are causing.
They could have been visionaries. They could have, long ago, used a fraction of all those billions they make to research and develop incredible clean energy technologies that would have slowed or even stopped climate change, and would have create tons of jobs for Americans and those who live in the other Big Oil companies’ home countries.
But instead, they chose immediate profits over their own future, and ours.
So now you’re on your deathbed, Big Oil. But I don’t expect you to have any sort of ethical moment of clarity. You’re still drunk on all that cash.
Read the article at Telegraph.co.uk: