this post was submitted on 13 Jan 2025
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Futurology
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Unless it's your house that is burning down because of unusually hot dry weather ... no one really cares or wants to admit that it has anything to do with climate change.
This is a narrative created by the incumbent Fossil Fuel industry.
In reality, everyone is either directly or indirectly affected by the fires and everyone benefits from reducing climate change change.
The Renewable and related industries will be much better for the economy and capitalism.
I fail to understand why they stick with fossil fuels even though renewable deployments are cheaper than ever. Although there's misinformation and politics, they should look at long term profits..
Sunk cost fallacy. They have already invested so much in fossil fuel infrastructure that they feel that if they give up now, they would have wasted all their money.
The fact that that the money is wasted whether they pivot to renewables or not something they consider. In fact, if they can lever their existing infrastructure they can be much more competitive than any new renewable energy provider.