The climate change issue finally seems to have been accepted. Now they are falling over themselves trying to lessen the economic impacts.
The oil barons know that if there is a sudden new technology that makes oil obsolete, their importance in humanity may also change. Now they are "investing" in alternate technologies, what a surprise, of course they want to own the new and emerging technologies. Just because a technological advancement could save humanity, does not mean that it should be freely available. What is that?
"The development of alternate technologies can be a very profitable business." - Cheeny quote CNN interview for Melting Point.