Focus: Oil giants drill deep as profits trump climate concerns
Focus: Oil giants drill deep as profits trump climate concerns
Oil and gas companies have intensified the hunt for new deposits in a long-term bet on demand, as they reinvest some of the record profits from the fossil fuel price surge driven by the Ukraine war, according to data and industry executives.
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These companies are the worst. They are responsible for a huge chunk of the emissions fueling the climate change we are facing. (https://www.climatechangenews.com/2023/05/19/study-fossil-fuel-firms-owe-209bn-a-year-for-climate-damage/)
They promise change and then just sweep it under the rug. (https://www.theguardian.com/business/2023/feb/01/shell-renwable-energy-spending-sec-global-witness) Even worse is the fact that these companies are misleading the world with a concerted effort on who is to blame. (https://news.harvard.edu/gazette/story/2021/09/oil-companies-discourage-climate-action-study-says/)