You forgot number three, while related to your first point I think it might actually matter more to them.
They have a cartel that gains enormous power though being the only ones to sell a substance every nation needs to constantly buy. The cartel names it’s price, nations buy that price. No democratic politician will really take a legislative stand against anything you do, becuse if they do you can just raise prices for them and let the electorate eat them alive for rasing gas prices.
That sort of power is worth quite a lot of money, and that means that you can afford for it to be a lot less profitable while still being absolutely worth it to you. Oil companies were some of the first to really research renewables, and thier answer is the same in Shells investor statements today as it was then. We will invest heavily in any renewable that we can monopolize, see hydrogen, but competitive markets like solar and wind must be delayed at any cost.
You forgot number three, while related to your first point I think it might actually matter more to them.
They have a cartel that gains enormous power though being the only ones to sell a substance every nation needs to constantly buy. The cartel names it’s price, nations buy that price. No democratic politician will really take a legislative stand against anything you do, becuse if they do you can just raise prices for them and let the electorate eat them alive for rasing gas prices.
That sort of power is worth quite a lot of money, and that means that you can afford for it to be a lot less profitable while still being absolutely worth it to you. Oil companies were some of the first to really research renewables, and thier answer is the same in Shells investor statements today as it was then. We will invest heavily in any renewable that we can monopolize, see hydrogen, but competitive markets like solar and wind must be delayed at any cost.