My understanding is the internal calculation is that they know the time is up and eventually the money train of fossil fuels will come to an end the only question for them is how much more money they extract before they cut their losses, hide the wealth and move on.
The calculation is that, because of the sheer scale of profits from FF any amount of delay in the transition away from them (even say six months) is worth to them billions of dollars which massively outweighs the size of any fines.
Basically they are banking on there being no real consequences or accountability and to the extent they think about the climatic consequences at all they think they’ll just be able to buy their way out of them.
My understanding is the internal calculation is that they know the time is up and eventually the money train of fossil fuels will come to an end the only question for them is how much more money they extract before they cut their losses, hide the wealth and move on.
The calculation is that, because of the sheer scale of profits from FF any amount of delay in the transition away from them (even say six months) is worth to them billions of dollars which massively outweighs the size of any fines.
Basically they are banking on there being no real consequences or accountability and to the extent they think about the climatic consequences at all they think they’ll just be able to buy their way out of them.