Financial Times Told Oil Industry To Accept Its Demise
“The editorial board of the Financial Times isn’t exactly stacked with bleeding-hearted environmentalists. Just a month ago, the British paper defended ExxonMobil’s right to question climate change amid legal probes into whether the oil giant covered up evidence of global warming.
But in an editorial published Saturday, the FT urged the oil industry to ‘face a future of slow and steady decline.’
‘Instead of railing against climate policies, or paying them lip-service while quietly defying them with investment decisions, the oil companies will serve their investors and society better if they accept the limits they face, and embrace a future of long-term decline,’ the editorial board wrote.”