in getting our energy economy into the 21st economy by accelerating the transition to green energy. most people would rather see the long term energy transition to clean energy, that is what they could be to miss those investments instead. how do you react when you hear that some cabbies are paying more money back to shareholders than the money they are investing in renewables. some might suggest it is short sighted? some companies. it is short sighted, outrageous, and a poor business model. the oil industry would be wise to get on board with energy and invest into new fields, they have known for decades that their core business model is exacerbating the climate crisis, causing pollution and harm in many communities. what role do think the world s fossil fuel producers have
and harm in many communities. what role do think and harm in many communities. what role do think the and harm in many communities. what role do think the world s fossil fuel producers have in navigating towards a post oil future? fuel producers have in navigating towards a post oilfuture? some may say, is it really their responsibility? it say, is it really their responsibility?- say, is it really their responsibility? say, is it really their resonsibili ? , ., ., responsibility? it is the role of the financial responsibility? it is the role of the financial industry - responsibility? it is the role of the financial industry primarily right now to be putting capital towards clean energy solutions and investment in solar, wind, electric vehicles, heat pumps, and to power clean energy economy. you have seen many of the banks or asset managers make the commitment to net zeros, commitments to huge ambitious climate pledges, and in order to realise that they need to be stopping invest
were aware in the 70s that their core products were wrecking our planet, and just like the tobacco industry, they rolled roughshod over their own science. some in big oil buried the big lie. those responsible must be held to account. today, fossil fuel producers and their enablers are still racing. they know this business model is inconsistent with human survival. this insanity belongs in science fiction, yet we know the ecosystem meltdown is cold, hard, scientific fact. and another combustible factor, conflict, violence, war.
greenhouse gas emissions are at record levels and growing. the commitment to limit global temperature rises is never going up in smoke. without further action, we are headed to a two point a degree increase and the consequences, as we all know, would be devastating. several parts of our planet will be inhabitable uninhabitable, and for many it will be a death sentence. but this is not a surprise. the science has been cleared for decades. and i m not talking only about un scientists. and talking about fossil fuel scientists. we learned last week that certain fossil fuel producers
helpful as i see here. that is a very important point. on - helpful as i see here. that is a very important point. on thatl very important point. on that particular issue, the tradition to clean energy. on that topic, the transition to clean energy, the un secretary general has been pretty outspoken this week about the role the oil companies are playing. the major producers bp, chevron, saudi aramco are in davos for the world economic forum. and antonio guterres was picking up a theme, that we are starting to hear more and more from the climate lobby. some in big oil pedalled the big lie. and like the tobacco industry, those responsible must be held to account. today, fossil fuel producers and their enablers are still racing to expand production knowing full well that this business model is inconsistent with human survival. he points in that speech to news reports last week that certain fossil fuel producers were fully aware, all the way back to the 1970s, that their core product w