The private money invested into green technologies has a lobby too. Right now it is smaller then the oil lobby, but with green technologies becoming cheaper the industry grows and that makes them stronger. At the same time the oil industry becomes weaker.
Stuff like banning combustion engine cars are worth lobbying for, when car companies make more money with evs for example. Banning gas boilers is a great thing, for manufacturers of heat pumps as well. There is a lot more like that and it really works international as money flows international. You see that in the EU right now. Due to the energy war with Russia fossil fuels got expensive and well green technologies did not. At the same time geopolitcs made passing enviromental laws a good idea at the time as well. So right now fossil fuel is in panic mode and financing far right parties, as the status quo is not working for them anymore.
Hmm this is assuming the oil companies behave and take it laying down
The private money invested into green technologies has a lobby too. Right now it is smaller then the oil lobby, but with green technologies becoming cheaper the industry grows and that makes them stronger. At the same time the oil industry becomes weaker.
Stuff like banning combustion engine cars are worth lobbying for, when car companies make more money with evs for example. Banning gas boilers is a great thing, for manufacturers of heat pumps as well. There is a lot more like that and it really works international as money flows international. You see that in the EU right now. Due to the energy war with Russia fossil fuels got expensive and well green technologies did not. At the same time geopolitcs made passing enviromental laws a good idea at the time as well. So right now fossil fuel is in panic mode and financing far right parties, as the status quo is not working for them anymore.