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That's just going to harm people at the bottom in both the short and long term. Wealthier people can pay the inflated prices. Lining the pockets of oil company executives isn't going to bring about sustainable policies with regards to climate change. It's just going to be yet another grift on the working class like all the others.
That's all true, and the reality is there is no solution that averts mass unnecessary suffering, because the fact is, the wealth class can do a lot of things to help and bear a lot of brunts of problems they themselves created on our backs, but use their power to assure they never will. Kind of the point of capitalism. They have all the power and none of the accountability, and only care about the future if it's a fiscal quarter in front of their face.
They will maximize profit until the last sucker drops dead or says no with no subsistence opiates left to lose. If that means enjoy the cheap gas in these waning days of willful denial, I guess that's better than nothing.