• UnderpantsWeevil@lemmy.world
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    4 months ago

    EV and renewables are no brainers; but legacy firms in the fossil fuel industries are spending millions to prevent change and would rather see the world burn.

    When you see reports come out from fossil fuel companies, they quite literally describe “$X trillion of hydrocarbons in the ground”.

    Many European energy utilities have mostly diversified away from fossil fuels.

    Europe only really has the Baltic as a reserve. They’ve been cut off from much of the Middle East by decades of war.

    So, unlike the US, which has become an oil exporter for the last twenty years, Europeans either went woke or went broke.