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2023-09-12 16:54:25

Zane Selvans on Nostr: It seems like the growing trend of oil & gas companies doing share buybacks and ...

It seems like the growing trend of oil & gas companies doing share buybacks and dividends rather than investing in either new fossil fuel production or new low-carbon lines of business tracks with many resource extraction business models, where the goal is to end up bankrupt, so you can shed any remaining labor and environmental cleanup liabilities you might have without needing to pay for them out of profits.

https://mastodon.energy/@CarbonBubble/111051258207008346

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