Then you should take a long look back at history. Your cynical side is being misled by various political movements and isn't up on the facts.
We could go back through things such as unsafe foods and drugs, immoral abuses of labor, monopolies, environmental pollution, and bribery of elected officials. If you really think we would be better off without government oversight of corporations, then I have to conclude that you ignored almost everything in your history classes.
Certainly government oversight and regulation is necessary, I never said that it wasn't. But I don't know if massive
public investment in green technology is necessary.
For example, when governments regulated safer foods for consumers, they didn't do so by investing in safe fertilizer companies and hoping those companies succeeded. No, they
imposed laws and regulations on current manufacturers. Manufacturers which were innovative succeeded.
When governments regulated labour laws, they didn't do so by investing in companies with good labor practices. They imposed laws and regulations on the labour market. Businesses which were innovative succeeded.
Etc.
Today we are seeing governments around the world pouring massive investment dollars into unproven green startups. It is foolish.
Governments need to regulate the energy industry rather than invest in green energy. If a government made a law which forced energy companies to have 20% of energy production from green sources in 5 years it would force the
private industry to put the investment dollars into making it happen rather than using taxpayers dollars to make it happen. It would force private industry to be innovative and progress. The companies which couldn't innovate and adapt would fail.
Officials who are held accountable to the people instead of profits for a few . . . where is the drawback again?
Businesses are held accountable to the people as well.
That was proven false in the 2008 economic collapse.
That's a specific anecdotal example from one particular industry.
I can provide other examples of companies and industries which are taking a long view. Shell for example has been around for over a century and has adapted well to changing circumstances, changing technologies and changing governments.
All the while, they have been funding political action committees that spread lies about global warming.
Can you find any evidence that Shell or Total have funded the Heartland Institute? Here is
some info on how Shell and Total haven't funded anti-climate change think tanks. Also, here is some info on how
Shell and BP have partnered with the Sierra Club and the Partnership for Climate Action. Here is a link from the
big-bad Alberta oil sands giant Suncor on their investments in carbon-capture technologies.
Right back at you: Your cynical side is being misled by various political movements and isn't up on the facts.
Oil companies are not pure demons from the underworld nor are they a monolithic entity. Some do a lot of good and many are very innovative and forward thinking. They also happen to be realistic: the global energy system is currently dependent on carbon-based products. Things cannot turn around overnight. They need to keep the wells and refineries running while investing in the future. Even if electric cars and solar energy really take off, we will still need these companies to produce oil because there is no reasonable material which has all the properties and malleability of plastic.
Here is a list of Heartland Institute donors. Care to count how many are oil or coal companies?