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by belorn 748 days ago
Fossil fuel companies best bet right now is to focus on natural gas and oil, to be used in thermal power stations. When power prices fluctuating, they can get more of the money from customers using less fuel, hitting the grid when supply is at the lowest point.

To help this they can get governments to pay subsidies for ongoing operations in the name of grid stability. The plants can also be used in theory with bio gas, so subsidies for construction is also on the table.

In Europe, natural gas even got declared as being green and the energy of choice to stop climate change. They also managed to get a bunch of exceptions added regarding oil, especially when used in industry and shipping. Coal was really the only thing fossil fuel companies needed to sacrifice in order to have a profitable future.