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Electric Cars Are Pushing the Age of Oil to Extinction in China
(www.bloomberg.com)
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this post was submitted on 26 Dec 2023
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And since the oil and gas companies in China are nationalized, they will follow along with the government's plans rather than obstruct or bribe their way as with for-profit private oil and gas companies in many western countries.
Woah hold the phone, you're telling me there's a way to build society OTHER than by explicitly rewarding greed and exploitation‽
It is a similar story in Saudi Arabia and many Arab countries. The oil and gas is nationally owned, and the revenues are being used to finance a massive welfare state as well as the transition away from fossil fuels.