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Richard Stallman's Political Notes

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large-scale fossil-fuel Q&A

mardi 24 octobre 2023 à 08:05

* Fatih Birol, The ED of the International Energy Agency said: "New large-scale fossil fuel projects not only carry major climate risks, but also business and financial risks for the companies and their investors."*

In other words, those investors are making a big mistake even in narrow terms of their own profit.

If they don't care about dooming civilization, let's hope that they heed his advice. But they may not.

I suspect that "investment" in fossil fuels is driven to a large extent by inside influence exercised by fuel barons who expect to profit from getting institutions other people's money into the companies the barons will profit from.