Posted on Dec 12, 2023
Making oil is more profitable than saving the planet. These numbers tell the story
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https://www.npr.org/2023/12/11/ [login to see] /oil-prices-exxon-mobil-green-energy-solar-wind-cop28-climate-talks
Oil companies have long been under pressure to invest more money into renewable energy to help fight climate change. Here's one simple reason why that's not happening: Right now, oil makes a lot more money.
Energy companies spend a lot of money every year. Picture a giant Scrooge McDuck-style mountain of cash, to the tune of $800 billion.
Oil companies have long been under pressure to invest more money into renewable energy to help fight climate change. Here's one simple reason why that's not happening: Right now, oil makes a lot more money.
Energy companies spend a lot of money every year. Picture a giant Scrooge McDuck-style mountain of cash, to the tune of $800 billion.
Making oil is more profitable than saving the planet. These numbers tell the story
Posted from npr.org
Oil
Oil and Energy
Climate Change
Economics
Posted 12 mo ago
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