Lerner wrote: The few thousand individuals who sit on the boards of directors of the giant companies in every industry in the world (who are also generally directors of financial institutions or energy companies) are themselves most heavily invested in energy and in finance, which are the most profitable industries. They will not make decisions based on the competitive advantage of a given industry, but on maximizing their own personal wealth, which means protecting oil and gas, even if that means higher costs for everything else.

This is one reason I think it makes sense to use FF to power technologies that make hydrocarbon fuels from CO2. Instead of putting the oil companies out of business with electric cars, we give them a way to stay in business despite “peak oil.”

We still use their refineries, pipelines, and gas stations. The only people out of business are the ones who do nothing but pump oil out of the ground (or mine coal).