Post #3224276

4/ 4. Fossil fuel interests are sitting on billions of dollars of oil assets facing steep devaluation in the future, as people stop buying their toxic products The industry is cashing out its chips while it can. AI is a product without a genuine market; a scam in search of Greater Fools. The industry seeks to restrict supply & keep prices high with sanctions on Russian & Venezuelan oil, EU/India tariff threats. https://greencentralbanking.com/2022/06/24/research-reveals-extent-and-ownership-of-stranded-fossil-assets/ https://cepr.org/voxeu/columns/burn-now-or-never-response-fossil-fuel-firms-climate-policy https://en.clickpetroleoegas.com.br/Investments-in-offshore-engineering-and-construction-are-advancing--but-oversupply-and-devaluation-of-the-barrel-pose-risks-to-the-growth-of-the-global-oil-market.-hl1402/