[danny_codes]

I do lose money on this. I (and you, and the rest of the world) have to both clean up emissions and pay for climate change. The more we emit the worse the effects.

[pptr]

Right, but that negative externality is on emissions. For emissions it doesn't really matter who is producing the oil.

[danny_codes]

Or we could invest in renewables. Renewables get cheaper than oil when you do that. Then nobody produces oil.