> Yes, the planet got destroyed. But for a beautiful moment in time we created a lot of value for shareholders.
* https://www.instagram.com/tbtoro/p/B_SdEVThgCr/
* https://www.insidehook.com/culture/story-tom-toro-new-yorker...
Industrial capitalists make mass produced LED lights and cheap solar panels. Eco-activists push for anti-nuclear laws and plastic straw bans.
It's pretty telling that oil lobbyists resort to non-market methods like bribing politicians to stall renewables. They know the time is running out - with all the new power generation and storage tech that's in the pipeline, fossil fuels just aren't going to be economically viable forever. Renewables are rising, and there is no moat - all the existing oil assets those companies hold are going to be increasingly useless as more and more of the world's power comes from non-fossil sources.
"Stall" is about the extent of it though. You can't fight economic forces off forever.
Cheap solar panels were subsidized by governments to get the costs down. I know eco-activists that are pro-nuclear.
More generally: a lot of these things were done to reduce costs and due to price pressures. There is currently no mechanism to put a price on climate change that is directly noticeable by the general consumer. (Only 'indirect' costs due to climate inaction, like higher insurance premiums due to more extreme weather events.)
Perhaps if the O&G folks and others would stop trying "create value for shareholders" of the fossil fuel companies we could use The Market™ to properly price in climate change instead of subsidizing climate-damaging actions and subsidizing the operations of these companies.