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this post was submitted on 27 Oct 2023
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Lol no. They're betting on an expansion of fossil fuel use. That's not going to happen in a scenario where there's a limited residual use of fossil fuels for those uses.
To these huge companies, the longer term doesn't matter much right now: if it pans out, they'll celebrate; if it doesn't, some gullible politician will bail them out and they'll celebrate anyway. However, they're publicly-traded and thus ruled by quarterly profits. (Apparently saying the obvious here, multiple of the top comments at NYT read similarly...)