this post was submitted on 02 Aug 2024
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[–] Tryptaminev@lemm.ee 7 points 3 months ago

They can do that with a lot of them, but not all. You can't really sell an oil platform when nobody is buying oil anymore. The "stranded assets" is a huge motivator for fossil industries to prolong the switch to renewables as long as possible. Problem is the governments being complicit. They could have made clear paths from when on no new fossil investments were allowed to create a proper phase out.