'I have for years held space for the oil and gas industry to finally wake up and stand up to its critical responsibility in history,' said CFigueres. 'What the industry is doing with its unprecedented profits... has changed my mind.'
to promote more responsible investing,"paying higher dividends to shareholders, buying back more shares and—in some countries—lobbying governments to reverse clean energy policies while paying lip service to change."After noting that"there are some exceptions to these sweeping generalizations" and executives questioned about the industry's failures"often cite some version of the prisoner's dilemma," Figueres declared:"Let's get real.
Now, according to Figueres,"the powerful state-owned companies as well as international firms have to decide whether they transition to the energies of the 21st century and thereby accelerate the exponential curve of the energy transition, or if their flame dies out while they remain blind and in pernicious resistance."
Similarly praising her"brilliant piece... on the apathetic fossil fuel industry," Jack Bedford, climate adaptation officer at the U.K.'s Somerset Wildlife Trust,
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