[interpenetrate]

They're company companies, meaning that their goal is to make profit, not do something that's "interesting." You can't take Apple seriously when its spokespeople explain the logic that drives its production. It's a load of horseshit. You can't take BP seriously when they says that it's an "energy company" and you can't take Apple seriously when they says that it's a "tech company."

European oil majors invest in "renewables," American oil majors basically do not at all (unless you count carbon sequestration for the purpose of further oil extraction as "renewable"). Here's a source:

https://www.forbes.com/sites/daneberhart/2021/03/09/oil-gian...

This difference in strategy stems from the difference in economic opportunity between the two imperialist spheres.

[ncmncm]

If the oil companies were acting in the best interests of the shareholders, they would be all-in on renewables. But US oil companies act in the interest of corporate officers, who are all close to retirement.

[hrgiger]

For me its more like old 'dinosaur' cooperate mentality slows down r&d on alternatives, maybe its more of a fear taking a major step, while other startups with main focus on green energy taking the field and attention. Yet still countries like Norway recognized this years ago and started investing on green.