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naturalgasbad@lemmy.ca to World News@lemmy.ml · 1 year ago

Electric Cars Are Pushing the Age of Oil to Extinction in China

www.bloomberg.com

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Electric Cars Are Pushing the Age of Oil to Extinction in China

www.bloomberg.com

naturalgasbad@lemmy.ca to World News@lemmy.ml · 1 year ago
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An EV road trip across China reveals how economics and consumer preferences—not green concerns—are hastening the energy transition
  • تحريرها كلها ممكن@lemmy.ml
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    1 year ago

    And since the oil and gas companies in China are nationalized, they will follow along with the government’s plans rather than obstruct or bribe their way as with for-profit private oil and gas companies in many western countries.

    • bdonvr@thelemmy.club
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      1 year ago

      Woah hold the phone, you’re telling me there’s a way to build society OTHER than by explicitly rewarding greed and exploitation‽

      • تحريرها كلها ممكن@lemmy.ml
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        1 year ago

        It is a similar story in Saudi Arabia and many Arab countries. The oil and gas is nationally owned, and the revenues are being used to finance a massive welfare state as well as the transition away from fossil fuels.

        • CohortCzort@lemmygrad.ml
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          1 year ago

          I think saudi Arabia moving away from fossil fuels isnt really true considering their (ODSP) is a plan to hook the 3rd world on said fossil fuels.

          • تحريرها كلها ممكن@lemmy.ml
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            1 year ago

            Developing countries need cheap energy

            • wowbagger_@lemm.ee
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              1 year ago

              So, solar and wind? Both cheaper than fossil fuels at this point.

              • تحريرها كلها ممكن@lemmy.ml
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                1 year ago

                Then no one will buy the oil Saudi Arabia is selling if that’s true

            • CohortCzort@lemmygrad.ml
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              1 year ago

              But if we were really serious about sustainability, wouldnt it be better to not get more of the world hooked and fossil fuels in that way.

              Which is not me saying everyone should be driving EVs, because fuck cars.

              • تحريرها كلها ممكن@lemmy.ml
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                1 year ago

                Oil isn’t just used for cars. A lot of countries use diesel trains on routes where electrification isn’t feasible for various reasons. Here’s a modern diesel train https://youtu.be/tFoljwX6o90

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