The fossil fuel industry has a vested interest in maintaining the status quo from "summary" of This Changes Everything by Naomi Klein
The fossil fuel industry has a vested interest in maintaining the status quo. This is not just a passing fancy or a minor concern for these companies. It is a fundamental part of their business model. For decades, the fossil fuel industry has been reaping enormous profits from the extraction and burning of coal, oil, and natural gas. These companies have built their empires on the back of these fossil fuels, and they are not about to give up their cash cows without a fight. To understand why the fossil fuel industry is so committed to maintaining the status quo, we need to look at the economics of the situation. These companies have invested billions of dollars in the infrastructure needed to extract, transport, and burn fossil fuels. They have built pipelines, refineries, and power plants all over the world. They have developed technologies to extract oil from deep-sea wells, tar sands, and shale rock. They have spent years cultivating relationships with governments and regulators to ensure that their operations can proceed unimpeded. In short, the fossil fuel industry has a massive amount of sunk costs tied up in the status quo. If the world were to suddenly shift away from fossil fuels and towards renewable energy, all of these investments would become worthless overnight. The pipelines would sit empty, the refineries would go idle, and the power plants would be shuttered. The fossil fuel companies would lose billions of dollars in assets, and their profits would evaporate. But it's not just about the money for these companies. It's also about power and influence. The fossil fuel industry is one of the most powerful lobbies in the world. These companies have deep pockets and they are not afraid to use them to influence politicians, regulators, and the media. They have funded think tanks, advocacy groups, and political campaigns to spread their message and protect their interests. They have employed armies of lobbyists to work behind the scenes to shape legislation and regulations in their favor. In this way, the fossil fuel industry has built a formidable wall of resistance to any attempts to change the status quo. They have created a narrative that portrays fossil fuels as essential to the global economy and indispensable to modern life. They have fostered a culture of denial and doubt around the science of climate change, casting doubt on the overwhelming evidence that burning fossil fuels is driving global warming. So it should come as no surprise that the fossil fuel industry is so deeply committed to maintaining the status quo. It is not just a matter of profits and power for these companies
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