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Electric Cars Are Pushing the Age of Oil to Extinction in China (www.bloomberg.com)

submitted 10 months ago by [email protected] to c/[email protected]

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[–] [email protected] 33 points 10 months ago (1 children)

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.

[–] [email protected] 20 points 10 months ago (1 children)

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

[–] [email protected] 6 points 10 months 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.