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.
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/)
