But the costs include direct costs to the bottom line of the energy industry, which pretty much all banks invest in, so basically all energy companies and banks will fight the transition because it directly negatively impacts their business model’s profitability, and thus dividend payouts. And god forbid they make marginally less money in a way that has far more long-term sustainability and profitability in pretty much every single meaningful metric
But the costs include direct costs to the bottom line of the energy industry, which pretty much all banks invest in, so basically all energy companies and banks will fight the transition because it directly negatively impacts their business model’s profitability, and thus dividend payouts. And god forbid they make marginally less money in a way that has far more long-term sustainability and profitability in pretty much every single meaningful metric
Nothing engenders in me more violent feelings than hearing about the preferences of banking executives.
I heartily agree.