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Investigation Finds Exxon Ignored Its Own Early Climate Change Warnings

New submitter jrmcferren writes: PBS Reports the Exxon ignored their own internal climate change warnings. Newly discovered documents show that the corporation's own research scientists warned top executives that atmospheric CO2 was increasing and that the burning of fossil fuels was to blame as early as 1977. The report goes on to say: "In 1978, the Exxon researchers warned that a doubling of CO2 levels in the atmosphere would increase average global temperatures by 2 to 3 degrees Celsius and would have a major impact on the company’s core business. 'Present thinking holds that man has a time window of five to ten years before the need for hard decisions regarding changes in energy strategies might become critical,' one scientist wrote in an internal document."

42 of 255 comments (clear)

  1. Exxon MADE the hard decision by turkeydance · · Score: 2

    cold hard cash

    1. Re:Exxon MADE the hard decision by FranTaylor · · Score: 2, Informative

      No, people filling up their tanks made the decision for them.

      Exxon could have stopped refining oil and nothing in the world would have changed.

      yeah, if they had gone into the solar panel business, we could be selling solar panels to china, but no.

    2. Re:Exxon MADE the hard decision by Layzej · · Score: 2, Informative

      I think the issue is that internally they knew that their product would cause global warming, but at the same time were funding think tanks to push the message that their product would not cause global warming.

    3. Re:Exxon MADE the hard decision by localman · · Score: 5, Insightful

      Ah yes, the old "had to do it for the money" claim. If we accept that everyone is an idiot robot that will play Russian Roulette for a dollar, sure. But the fact is that a person or organization has the power to make a decision with short-term or long-term thinking in mind, or a decision with self-interest or social awareness in mind. Yet somehow we've got to the point where we'll excuse absolutely anything as being reasonable if there was money at stake. Personally, I'd prefer we hold ourselves to a slightly higher standard, but I realize I'm shouting into the wind.

    4. Re:Exxon MADE the hard decision by PopeRatzo · · Score: 2

      Have you stopped using gasoline?

      Yep.

      --
      You are welcome on my lawn.
    5. Re:Exxon MADE the hard decision by thegarbz · · Score: 2, Informative

      MOST oil companies tried to go the solar route. At one point BP was the largest solar panel manufacturer in the world.
      Also you fail at history. Exxon bankrolled Solar Power Corporation back in the 70s. Eventually that was sold to Royal Dutch Shell, and then divested out of the oil industry in 2006.

      Most of the western oil companies had some stake in renewable energies. Solar particularly they all got their asses handed to them and divested in the last 10 years.

      As a side note, I think you have an ignorant solar fanboy modding up all your posts.

  2. No suprise by Martin+Spamer · · Score: 5, Insightful

    Why should it be surprising that a vested interest ignored the evidence at the time, when we see the same denial today when faced with overwhelming evidence?

    1. Re:No suprise by Anonymous Coward · · Score: 2, Funny

      LOL as if the black & white options are the only options. You should read 50 shades of grey. And learn how we can get fucked better.

    2. Re:No suprise by Anonymous Coward · · Score: 2, Insightful

      So, what you're saying is that not only did the market fail to address global warming, but it would punish any business who did. Color me shocked.

  3. Same as the tobacco industry then.. by Anonymous Coward · · Score: 2, Informative

    Another similarity; both oil and tobacco industry have huge PR and lobby efforts to continue misleading and confuse the topic and as much as possible avoid that anything is done about it.

  4. Re:About us by Coisiche · · Score: 5, Insightful

    As Tom Toro put it...

    "Yes, the planet got destroyed, but for a beautiful moment in time we created a lot of value for shareholders."

  5. Re:Alarmists - wrong on global warming since 1978! by Anonymous Coward · · Score: 3, Insightful

    So it looks like scientists have been wrong about their global warming predictions going on four decades.

    Except that their criteria for a 2-3 C increase hasn't passed yet. The IPCC apparently thinks the "first doubling of atmospheric CO2" will happen by about 2050. NASA’s Goddard Institute for Space Studies thinks that global temps. have so far risen by 0.8 C since 1880. This means that the Exxon researcher's warning that "a doubling of CO2 levels in the atmosphere would increase average global temperatures by 2 to 3 degrees Celsius" could still come to pass. Several of the projections in the IPCC's figures suggest a 2C rise by ~2050 is possible, so they could still be proven right.

  6. Re:And so what, people still drove cars by Mr+D+from+63 · · Score: 5, Interesting
    To be fair, there was great uncertainty about those findings at the time. We have struggled to build good models to the day.

    OTOH, they certainly were not going to back down and hand things over to nuclear. Their propaganda machine was already in full gear, and these finding would undermine their efforts;

    Nuclear power’s main energy competitor is of course Big Oil, which had no problem with nuclear weapons, but was not happy to lose its grip on the world’s major source of energy. Nuclear energy was not under their control, requiring by definition major government involvement and regulation of the industry. Its widespread use would leave Big Oil with falling profits, and would mean the end of Big Oil’s economic hegemony.

    This led to a bizarre situation where oil companies both founded and funded ecology-related organisations, including the Aspen Institute for Humanistic Studies, Nature Conservancy, Greenpeace, Sierra Club and others to protest the peaceful use of nuclear power. These groups have all received backing from the oil industry, notably Atlantic Richfield Oil and BP

    http://www.globalresearch.ca/b...

    Of course, many still choose to believe and support big oil's agenda to the day.

  7. Versus doing what? by Kohath · · Score: 4, Interesting

    What were they supposed to do to not be accused of "ignoring" warnings? Can you describe the decision-making process you wish they'd followed?

    It's the same for the rest of us as it is for Exxon -- just less existential. We've been "warned". Yet we go on with our lives. The warnings get louder and more shrill and catastrophic and angry. And we still go on with our lives. Eventually this should stop being a big surprise.

    1. Re:Versus doing what? by FranTaylor · · Score: 4, Informative

      What were they supposed to do to not be accused of "ignoring" warnings? Can you describe the decision-making process you wish they'd followed?

      They are an energy company, not an oil company. Just imagine if they had invested heavily in solar technology. All that money we are paying to the Chinese for solar panels, we could be paying it to them instead. BUT NO.

    2. Re:Versus doing what? by taiwanjohn · · Score: 2

      Even now it is only profitable because of government intervention in the market.

      That may have been true in the 70s, but it's not today in most "industrialized" energy markets. Even with no subsidies, the cost of solar PV has dropped so much in recent years that it's now competitive with coal, when you amortize the cost of installation over the life of the system. And those gov't subsidies are disappearing rapidly anyway. Even California's will be gone in a few years.

      If CO2 doubles by around 2050 the problem was literally a lifetime away.

      No, the problem is already here:

        - increased frequency and intensity of wildfires, worldwide
        - decreased arctic sea ice coverage (to the point where total loss is expected within a couple of decades)
        - savage droughts associated with persistent, record-low mountain snow accumulation
        - off-the-charts arctic warming, causing a more "meandering" jet-stream (ie: the "polar vortex"), bringing unseasonal highs and lows at middle latitudes
        - increased severity of storms (cyclones in particular)
        - sea level rise (accelerating)
        - ocean acidification (if enough plankton die, we are toast)
        - ocean warming (ditto above, but for coral instead of plankton)
        - species migration (they can't adapt fast enough)
        - human migration (cf: the current refugee crisis in Europe, ultimately cased by a drought in Syria a few years ago)

      Exxon and the other oil players could have diversified, just as Phillip Morris has been doing for decades. They could have been leading the charge toward alternatives, instead of gumming up the works. Unfortunately they didn't, so now they are going to pay the piper as the market finds those alternatives in spite of them.

      --
      XML is like violence. If it doesn't solve your problem, you're not using enough of it. --AC
  8. of course they ignored the evidence by circletimessquare · · Score: 4, Insightful

    they have a vested interest in ignoring it

    that's what you need *regulations* for

    you know, evil, evil job destroying regulations. because a guy having a job on an oil field is more important than his grandkid able to grow food crops

    what's that? companies write their own regulations through congresscritters?

    yes, that's called *regulatory capture*

    https://en.wikipedia.org/wiki/...

    in which case you clean up your government, remove the corruption. which is unfortunately legal in the usa. so you vote for the guys who are actually going to do something about that rather than the professional prostitutes who talk about tax cuts for "job creators" (aka, their rich friends who park their money in an offshore banking accounts, rather than a tax cut for the middle class and poor, who immediately spend their cash, actually growing the economy)

    --
    intellectual property law is philosophically incoherent. it is your moral duty to ignore it or sabotage it
  9. Re:And so what, people still drove cars by FranTaylor · · Score: 5, Insightful

    To be fair, there was great uncertainty about those findings at the time. We have struggled to build good models to the day.

    Their research into where to drill for oil also had great uncertainty, but that didn't stop them.

  10. Re:Something doesn't smell right... by FranTaylor · · Score: 5, Informative

    The fact that one guy at one company

    BULLSHIT

    A survey of peer reviewed scientific papers from 1965 to 1979 show that few papers predicted global cooling (7 in total). Significantly more papers (42 in total) predicted global warming (Peterson 2008). The large majority of climate research in the 1970s predicted the Earth would warm as a consequence of CO2. Rather than 1970s scientists predicting cooling, the opposite is the case.

    http://ams.confex.com/ams/pdfpapers/131047.pdf

  11. Bad Exxon... by Anonymous Coward · · Score: 2, Insightful

    Yeah, bad Exxon and others (like Union Carbide, because of Bhopal) have caused so many problems that one wonders how such things didn't get a more adequate treatment by society.

    In these, and in other cases (like BP's oil spill), we are forced to the conclusion that we are not able to implement proper controls on any organization activity.

    There's nothing wrong with the political system, be it capitalism or anything else. The problem is akin to accident prevention: we know it's important to have safety inspections to prevent the loss of a few lives, but we fail to have businesses cooperate in adequate disaster prevention -- which too often means loss of many lives.

    And yet, even after those catastrophes, schemes are prepared for cleansing of the aftermath, like:
    - hiring trolls to discredit everyone trying to call for a saner view on facts;
    - ideological contamination, either calling people names ("capitalists" or "socialists", used as derogatory qualifiers);
    - suggesting doubt on issues that are quite obvious, creating a feeling on people that we are weak of mind and fate was inevitable;
    - procrastinating until a favorable setting allows the culprits to "lose" their case without really being punished;
    - or manipulating punishments in ways to render them ineffective or even change them into new business opportunities.

    So, it's not really just Exxon, or Union Carbide (now Dow's) or BP.

    it's us, humans. We allow that.

    We allow that when we have a nuclear reactor explode because it's old, when we choose dangerous technologies like nuclear reactors in a place subject to earthquakes and tsunamis, when we accept innovations that involve a certain risk of deaths (as if progress makes these acceptable).

    It's great that we have Liberty; but as everything in this life, that, too, must be used with responsibility to help mankind -- not to harm some of us so that others gain advantages.

    I wonder why those who still claim global warming is not our responsibility, that we cannot do anything, that throw mud on respectable scientists (not to mention other even more heinous methods) do not gain the same treatment as all other trolls (e.g. here).

    Even now as I write these words, other humans are writing about how it's always the same (citing other examples) and we cannot do anything about it; or that companies do that because the general public wants the products at any cost etc. etc.

    The way things go, we going to rationalize that deaths are unavoidable and protection equipment actually hurts profits, so we'd better just have a percentage die.

    I think we fail -- even at being human.

    1. Re:Bad Exxon... by Gadget_Guy · · Score: 4, Informative

      This article AND summary are perfect examples. They say Exxon this, Exxon that, but there are no names.

      You obviously didn't read any further than the first few paragraphs if you think that they didn't name any names. It was littered with direct quotes and even linked documents. Here are the names that I have found (either in the article or the linked source documents):

      • James F. Black
      • Richard D. Keil
      • Harold N. Weinberg
      • Henry Shaw
      • Edward E. David
      • M B Glaser
      • M J Connor Jr
      • C M Eidt Jr
      • W R Epperly
      • R L Hirsch
      • T G Kaufmann
      • D G Levine
      • G H Long
      • J R Riley
      • H R Savage
      • A Schriesheim
      • J F Taylor
      • D T Wade
      • H N Weinberg
      • Roger Cohen
      • Lee Raymond

      There is also a link at the end to a summary of the cast of characters. To try and claim that this was some vague puff piece is itself an attempt to spread FUD about the article.

    2. Re:Bad Exxon... by Layzej · · Score: 4, Insightful

      I think that's key here. They spent a small sum of money to determine the negative impact of their product. Once they learned the truth they then decided to invest orders of magnitudes more in FUD to convince the world otherwise.

    3. Re:Bad Exxon... by Gadget_Guy · · Score: 2

      I wonder what these guys think of he fact there's been no warming in nearly 20 years?

      Typical response when a climate change denier has their argument countered: change the subject! Of the names listed that have been shown to have changed their stance at the orders of their bosses, there is no reason to care what they have on say on any subject now. So why would you want to know what they think about the slowdown of temperature rise over the last decade? The only reason to bring that up now is to attempt to muddy the debate and remove focus from the documented manipulation of the scientific and political debate by a vested interest.

      You just know that if the scientists from the article had been at academic institutions then the deniers would be alleging that they were just trying to get government grants. But when it is shown to be the opposite, the people who are so obsessed with following the money remain silent; or worse, they try to hijack the debate by switching to a topic that they hope they can win.

      It's like the Wizard of Oz telling us to pay no attention to the man behind the curtain. That is desperate and pathetic!

    4. Re:Bad Exxon... by Gadget_Guy · · Score: 2

      What is desperate and pathetic is the Zealotry of the Alarmists:

      Oh dear. Did you just go and change the topic again? Thanks for proving my point.

      And which is the more zealous man; the one who claims the sky is blue or the other who insists that it is brown? I think that if you are going to call someone a zealot, it surely must be the one who disagrees with the entire body of people whose job it is to study that subject. How arrogant is it to claim that you know better than all the highly educated scientists who spend their entire lives specialising in studying the climate?

      Aren't you just a little bit angry that some of the people that probably influenced your beliefs (either directly or indirectly) were actually being paid to lie about climate change by a multinational oil and gas corporation? That is what this discussion is about.

  12. Re:Alarmists - wrong on global warming since 1978! by DamonHD · · Score: 5, Insightful

    Life is not binary.

    The bods in white coats said: burning oil (etc) may be bad news and furthermore it may be bad if you don't change your business strategy in the light of that soon.

    It seems evident that the first part was true.

    It is clear also that Exxon also chose not to alter its business model but instead to try to spread FUD.

    The second is poor long-term business and poor ethics, and may well bite us all in the rear.

    So as it happens the bods in white coats were right then and the trust of the summary is right now.

    You seem to be trying to skip the caveats in the statement and ignore tha Exxon clearly failed to change direction when given the (basically correct) warning.

    Damon

    --
    http://m.earth.org.uk/
  13. Re:Alarmists - wrong on global warming since 1978! by dave420 · · Score: 2

    Aaah - now I get it. You are scientifically illiterate, hence your confusion.

  14. Re:Something doesn't smell right... by taiwanjohn · · Score: 4, Informative

    In 2008, the Bulletin of the American Meteorological Society published a review of the scientific literature from 1965 to 1979. They found seven papers that pointed to global cooling and forty-four that indicated global warming.

    You'll find a quick, 7-min summary in this video by Peter Hadfield (aka: Potholer54):

    https://www.youtube.com/watch?v=EU_AtHkB4Ms&index=3

    --
    XML is like violence. If it doesn't solve your problem, you're not using enough of it. --AC
  15. Re:Something doesn't smell right... by Notorious+G · · Score: 2

    That's odd - I was working with scientists back in the day, and they thought exactly that thing. They also were 100% certain the "population bomb" would see us in a post apocalyptic, cannibalistic society living a roving mad max style existence. The problem with claiming nobody I know believed it is that you didn't know anybody. It's called the the argumentum ad populum logical fallacy.

  16. Re:And so what, people still drove cars by FranTaylor · · Score: 3, Insightful

    they price that into their product.

    just think how much more sales they would have today if they had heeded their own research and put some profits into solar panels. The long term outlook for solar panels is better than the long term outlook for oil. Don't believe me? Ask the saudis, with all the oil in the world they are still investing heavily in solar. Watch the world bypass the USA as it adapts solar and leaves us in the dust.

  17. The actual reports by Geoffrey.landis · · Score: 5, Informative

    Inside the article are links to the scans of the actual reports done by Exxon.

    * 1977 report, from James Black: http://insideclimatenews.org/s...
    * 1982 report from M. B. Glaser: http://insideclimatenews.org/s...

    They did state that there is no unambiguous evidence yet (as of 1982), but the 1982 report said: "If the earth is on a warming trend, we're not likely to detect it before 1995. This is about the earliest projection of when the temperature might rise the 0.5 needed to get beyond the range of normal temperature fluctuations."

    --
    http://www.geoffreylandis.com
    1. Re:The actual reports by Gr8Apes · · Score: 2

      ...the 1982 report said: "If the earth is on a warming trend, we're not likely to detect it before 1995. This is about the earliest projection of when the temperature might rise the 0.5 needed to get beyond the range of normal temperature fluctuations."

      It is most interesting that even internal oil company reports stated things like this, and that there are still people fervently in denial about global warming.

      --
      The cesspool just got a check and balance.
  18. Re:And so what, people still drove cars by FranTaylor · · Score: 4, Insightful

    Similarly, no one has a fission engine on their car.

    people are using energy from nuclear fission to power their cars, whether or not the reactor is attached to the car is irrelevant.

  19. The headline is wrong. by Eunuchswear · · Score: 4, Informative

    Exxon didn't "Ignore Its Own Early Climate Change Warnings". It, knowing that AGW was real, defunded the research that proved it and paid professional science deniers to spread FUD claiming that AGW didn't exist.

    --
    Watch this Heartland Institute video
  20. Comparing Prediction To Data by Geoffrey.landis · · Score: 5, Informative

    So it looks like scientists have been wrong about their global warming predictions going on four decades. Or did I miss the great, impactful Exxon global warming crash of 1988?

    I'm not sure what prediction you're saying is wrong. The Exxon 1982 report) being discussed said:

    "If the earth is on a warming trend, we're not likely to detect it before 1995. This is about the earliest projection of when the temperature might rise the 0.5 needed to get beyond the range of normal temperature fluctuations."

    Since they said the signal doesn't exceed the noise until 1995, they didn't even make a prediction for 1988.

    The report did have a statement that the greenhouse effect would produce 1C warming "above present levels" by "the second to third quarter of the next century" (page 2 of the pdf.)

    Here's the graph of actual measured data:
    data.giss.nasa.gov/gistemp/graphs_v3/Fig.A.gif

    Fitting a line through that data starting with "present levels" of 1980, I see a rise of about 0.8 between 1980 and 2014. So looks like their prediction was very close to the data.

    If anytjhing, their prediction was slightly low, but since in the same report they list an uncertainty of over 50% on model predictions, their prediction matches the measured data to well within their quoted error bars.

    --
    http://www.geoffreylandis.com
  21. Re:Alarmists - wrong on global warming since 1978! by BillCable · · Score: 3, Interesting

    So you're seriously going with "some scientist in 1978 warned Exxon that sometime in the upcoming CENTURY there will be an increase in CO2 that'll have a major impact on core business"? OK then...

  22. read the report, not the spin by NostalgiaForInfinity · · Score: 4, Informative

    Instead of the biased article, read what the report actually concludes:

    Overall, the current outlook suggests potentially serious climate problems are not likely to occur until the late 21st century or perhaps beyond at projected energy demand rates. This should provide time to resolve uncertainties regarding the overall carbon cycle and the contribution of fossil fuel combustion as well as the role of the oceans as a reservoir for both heat and carbon dioxide. [...] Making significant changes in energy consumption patterns now to deal with this potential problem amid all the scientific uncertainties would be premature in view of the severe impact such moves could have on the world's economies and societies.

    http://insideclimatenews.org/s...

    The report also points out that temperature increases would not be uniform, with strong increase at the polar caps and little increase near the equator.

    The interesting thing is that little has changed about these conclusions in the last 30 years; science has produced a lot of new data, but the conclusions have changed little.

  23. Re:About us by Rob+Riggs · · Score: 2

    Here is a link to the political cartoon parent is quoting.

    --
    the growth in cynicism and rebellion has not been without cause
  24. Meaningless by Geoffrey.landis · · Score: 4, Informative

    I'm a great fan of back-of-the-envelope calculations... but these aren't calculations; they are merely assertions. And worse, not merely assertions, but assertions that seem to be based on random pseudo-facts not really understood.

    Europe has the longest history of solar panel installation, and has good data for energy payback time. Energy payback time for silicon panels is between 0.5 and 1.4 years. Depending on location, it can be as high as 3 years in northern Europe.

    http://cleantechnica.com/2013/...

    plus the whole poisoning China thing with harvesting rare earths

    Do you even know what rare earth elements are? Almost all solar panels manufactured today are crystalline silicon. Silicon isn't a rare earth element.

    In the end, I have faith in the species to adapt or to invent technologies that actually will be helpful. We're not there yet. Band-aid solutions in the short term are meaningless..

    I agree with you there. I'm a technological optimist; if we can identify problems, we can solve them. However, ignoring and belittling the existence of problems isn't going to help, and dismissing possible solutions with slogans and sound-bites is counterproductive.

    So are gotcha-type articles about Exxon.

    The point of this article was that Exxon was a major funder of the campaigns to discredit the science of global warming in the '90s and early 2000s, even though a decade earlier their own scientists were telling them that this was significant. They spent about $30 million dollars funding climate denial.

    On the other hand, they did stop most of their funding to the climate-change deniers in 2007, so it does seem to me to be mostly an article about a company that isn't really the problem any more.

    http://www.theguardian.com/env...
    http://www.scientificamerican....
    http://ecowatch.com/2015/07/17...

    --
    http://www.geoffreylandis.com
  25. Let's personalize this a bit... by theendlessnow · · Score: 2

    Let's say that coffee and tea cause global warming (climate change). In other words, let's make the "evil" bit more personal. Are you ready to give up coffee and tea?

    Sometimes we have a better understanding of things when we make it a bit more personal...

    Now... do you need coffee and tea more than you need electricity? more than you need manufactured goods? If you believe the answer to be "no", then this just became even more personal.

    Sure, we could force all countries to have military rule and force all fossil and nuclear fuels to "end" business and switch to very very expensive alternatives. We could do that I suppose. But I think it would have to be done by force. The general populace won't give up tea and coffee easily.

    With that said, a lot of these "evil" companies hedge their bets and spend a lot of money researching alternative sources just in case they are forced to change.

    Now... the pain of switching, if done over a very long period of time... it's quite possible we would be ok with regards to our personal lifestyles (indeed, not talking about readers here, but the truth is, there has been some change already, just maybe not enough at a fast enough pace). However, since the "evil" potential is still out there, then the truly evil (not the current oil, gas, coal and nuclear companies) could exploit those technologies and possibly cause problems.... just saying...

    With that said, if we can turn an alternative into a viable cheap and reliable solution that is economically better than oil, gas, coal and nuclear, then those big companies will change very very quickly. No sense being stuck in the past doing something more expensive.

    Best solution happens at the consumer/people level. If "we" stop using "evil" energy. If "we" stop using the "evil". If we stop drinking coffee and tea... they (the evil companies) are forced to change. Are you ready? Currently the answer is a very clear "no".

    Stuff to ponder...

  26. Fission Reactor in car by Etherwalk · · Score: 2

    people are using energy from nuclear fission to power their cars, whether or not the reactor is attached to the car is irrelevant.

    It's pretty damn relevant to the guy driving around with the nuclear reactor in his car.

  27. Re:And so what, people still drove cars by thegarbz · · Score: 2, Interesting

    just think how much more sales they would have today if they had heeded their own research and put some profits into solar panels.

    You mean like BP who started the solar business in the 80s and closed it in 2011?
    Or like Royal Dutch Shell who started in 2002 and got out of it only about 6 years later?

    Yes but where did it get them? Those poor deluded people at at Exxon only made more profit than the world's top 20 solar providers combined. They really made the wrong choice didn't they? /sarcasm

  28. Re:And so what, people still drove cars by dj245 · · Score: 2

    they price that into their product.

    just think how much more sales they would have today if they had heeded their own research and put some profits into solar panels. The long term outlook for solar panels is better than the long term outlook for oil. Don't believe me? Ask the saudis, with all the oil in the world they are still investing heavily in solar. Watch the world bypass the USA as it adapts solar and leaves us in the dust.

    Why should we buy heavily into solar now? By continuing to pump oil even though the price is very low, the Saudi's are once again giving us a period of very cheap oil. Every few years they do this to slap the competition around. In addition to attempting to make US and Canadian high-cost competition go out of business, they are also slapping down the competition from renewables. The economics for an electric car don't look so great at current car and fuel prices.

    They are investing in renewables because they have big piles of money and would prefer to export oil rather than burn it in their inefficient oil-powered power plants. Nobody else in the world burns so much oil for electricity. Oil is an expensive way to make electricity and it is better to sell the oil and make electricity some other way.

    If and when solar takes over, it will be cheaper than it is now. That's pretty much a given if you look at any graph of price over time. In addition, we will have the time value of money on our side if we wait to invest in Solar. Until the economics work out in solar's favor, waiting and "being left in the dust" is the smart play. It is exactly the same as buying a hard drive. Waiting as long as possible is the right move. The future buyer will be better off than a buyer today, in almost all cases.

    --
    Even those who arrange and design shrubberies are under considerable economic stress at this period in history.