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Energy companies have a fiduciary duty to their stock holders, many of whom are the large pensions funds that depend on their dividends to fund benefits payments. In addition to generating revenue, they must continue to explore for more oil, and prepare for the day they transition to new forms of condensed energy they can sell.
Our future energy needs will almost certainly come from Hydrogen Fuel Cell technology, of which the energy companies will continue to play a central role. Such a transition will take a significant investment on the part of these companies, which the current profits are providing revenue to support.
Absolutely. I'm not vilifying them at all. They're doing what a corporation tries to do, which is to make money.