Those in the C suite don't care much about debt. Make the deal, get the bonus, get out.
Many won't see this coming. And it's rather sad that the current leaders (USA) seem intent on curbing or killing off our only EV car maker where China is backing theirs.
First, my first car to consider for an errand is our 2014 Leaf SV. Since I got that in 2016 I have filled up the tank on the van twice and it's still has half a tank or more. Mary has the 2016 Prius so the amount of petrol we buy has plummeted.
Here's the video about the ICE Oil Implosion. There are others if folk want to add more:
One of the reasons why the current oil industry wants to keep going is they think there is trillions of dollars of business to be done and they don't want to miss out. So any delay to renewables, EVcars, battery technology and more is money in their pockets. It has nothing to do with the environment to oil companies. It's about the money.
As to coal, that's a hard sell. It used to be that coal beat out wind and solar and maybe it does in some areas. Now the story has changed.
April 2014: https://www.forbes.com/sites/christopherhelman/2014/04/24/solar-is-booming-but-will-never-replace-coal/
December 2018: https://www.forbes.com/sites/energyinnovation/2018/12/03/plunging-prices-mean-building-new-renewable-energy-is-cheaper-than-running-existing-coal/

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