this post was submitted on 28 Mar 2024
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Oil companies: AHA! I was greenwashing the entire time! DRILL BABY DRILL
China: Don't care, we're rolling out renewables that will compete you out of the market
Oil companies: [frustrated crying face] noo you cant do that what about our profits?
This would be really hilarious if China developed the renewables to the point they would really be outright cheaper than fossils.
It already is and has been for the last decade.
https://en.m.wikipedia.org/wiki/Levelized_cost_of_electricity
Another proof for how pervasive monopoly capitalism is, and how Lenin was absolutely correct about imperialism.
Even more funny that the oil companies could have transitioned into renewable and become the kings of that field, but they care more about maintaining fossil fascism than do the money so they just did greenwashing instead. Now they're going to get left completely in the dust.