fixing this is beyond democracy's reach :-(
The 13 largest energy companies on Earth, measured by the reserves they control, are now owned and operated by governments. The private companies in the industry-Shell, Exxon, BP-are rightly taking heat in the fight against climate change, but their combined output is merely 10% of fossil fuel production in the world. 90% is produced by state-owned companies like Saudi Arabia’s SaudiAramco, Abu Dhabi’s ADNO, and Brazil’s Petrobras. Compared to the more than 13 million barrels of oil pushed out by Saudi Aramco, BP as the largest private-owned oil company, has a daily production of some 1.1 million barrels.
Even worse, the top government-owned oil companies are owned by governments that are not considered democracies. They're basically legitimized criminal gangs that control territory for the sole purpose of exploiting the carbon assets of that territory for their own gain. Venezuela, Saudi Arabia, Russia, Iran, Kuwait, United Arab Emirates, Qatar, Libya ... all designated as "authoritarian" regimes by The Economist Democracy Index.
Even in the US, rated a "flawed democracy", we are producing record amounts of oil and gas in 2023, even with a Democratic President who claims: "My Administration has set the United States on an unprecedented course to tackle the climate crisis at home and abroad ..."
Norway is the highest ranked country on the Democracy Index, yet it ranks 5th in oil production per capita.
I'll keep voting Green, if they can get back on the ballot in Maryland LOL.
Even worse, the top government-owned oil companies are owned by governments that are not considered democracies. They're basically legitimized criminal gangs that control territory for the sole purpose of exploiting the carbon assets of that territory for their own gain. Venezuela, Saudi Arabia, Russia, Iran, Kuwait, United Arab Emirates, Qatar, Libya ... all designated as "authoritarian" regimes by The Economist Democracy Index.
Even in the US, rated a "flawed democracy", we are producing record amounts of oil and gas in 2023, even with a Democratic President who claims: "My Administration has set the United States on an unprecedented course to tackle the climate crisis at home and abroad ..."
Norway is the highest ranked country on the Democracy Index, yet it ranks 5th in oil production per capita.
I'll keep voting Green, if they can get back on the ballot in Maryland LOL.