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542 points xbmcuser | 1 comments | | HN request time: 0.001s | 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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PaulKeeble ◴[] No.45037778[source]
Shell at one point started doing that in the UK, they installed a number of offshore wind turbines. Then they sold them and doubled down on oil.

What I think is really weird in the world today is the power companies don't seem interested in selling more power. A parallel branch of Wind and Solar companies are doing all the installations and running the power but not to the extent of bringing new capacity online, its all purely for replacing the old coal and gas systems. Quite a lot of companies are having to buy their own installations and run them so they can have their new data centre.

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m000 ◴[] No.45037886[source]
For oil companies, smooth transition to renewables == lost profits.

They'd rather see world go through an energy crisis which will make their profits skyrocket, before we eventually de-fossilize.

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1. metalman ◴[] No.45038502[source]
oil is a huge mistake at this point, as any country that is investing in a solar/wind/renewables GRID, is watching there costs go into freefall, not just freefall, but costs that are disconected from energy markets built on consumable fuels and therefor stable and predictable. many countrys are figuring out that energy stability = societal/cultural stability and are slowly backing away from the chaos and ongoing disaster of oil/carbon