Petrochemicals are never going to go to zero. We'll always need them. We won't always need to allow every person on the planet to burn them as fuel, but we will still need them to manufacture the many other products that aren't destroying the atmosphere.
But those executives need to pay for their yachts today, so the extraction strategy makes sense. It won’t be as valuable tomorrow as it is today, so they’re shorting it.
The earth as well as the value of their own companies.
