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 em...
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