Analysis | Amid world crises, ‘grotesque greed’ wins out

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Analysis | Amid world crises, ‘grotesque greed’ wins out
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Analysis: As hundreds of millions around the world bore the brunt of surging prices at the pump, five oil giants — BP, ExxonMobil, Chevron, Shell and TotalEnergies — made $55 billion this past quarter.

The Tories’ counterparts across the Atlantic are even more protective of fossil fuel concerns

“For decades climate policy has been designed based on a theory that we can reduce demand for fossil fuels and increase the price of carbon and that the market — turbocharged by alternatives such as wind and solar that are now cheaper than fossil fuels — will respond by constraining supply,”. “But that’s not happening fast enough because there is currently no mechanism to counteract the tax breaks, fossil fuel subsidies and delay tactics that are distorting the markets.

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