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542 points xbmcuser | 1 comments | | HN request time: 0s | source
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nicolailolansen ◴[] No.45037035[source]
Anti-wind groups are oil-funded? Surprised Pikachu.
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dzhiurgis ◴[] No.45037306[source]
Why tho? Oil money should be funding renewables so they continue making money.
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chii ◴[] No.45037354[source]
> Oil money should be funding renewables

not while there's still oil to be extracted. Rigs (esp. offshore ones) take a lot of initial investment, and takes several decades to fully pay out. It's not hard to imagine that those investments hadn't fully matured and so they'd want the demand for oil to continue.

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1. kergonath ◴[] No.45038277{3}[source]
Even when going full renewable and nuclear, demand for existing infrastructure is unlikely to make these rigs unprofitable over the long term. Moving all the economy will take time.