What Would It Take to Defeat Big Oil? A Progressive Economist Weighs In.
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At a time when the world is close to irreversible climate breakdown, fossil fuel energy is growing, with oil being the biggest contributor to primary energy supply. Globally, approximately 33 percent of our energy comes from oil, followed by coal, gas and hydroelectric power. Indeed, oil companies are bringing in staggering profits, and oil production may even continue to increase through 2050.