Oil and natural gas are still projected to meet more than half of the world’s energy needs in 2050, or 54%, Exxon Mobil Corp said on Monday, with the world failing to keep global temperature increases below 2 degrees Celsius.
    • Ni
      3•10 months ago

      Seems like the reasoning they are going with. Really we need to make it somehow more profitable to do the right/climate focused things.

    • @zagaberoo@beehaw.orgEnglish
      2•10 months ago

      Not that it’s a good excuse, but isn’t that true? Investors ultimately elect executive management.

      The abstraction between investor ownership and company management is one of the most damaging structures ever built.