• Salvo@aussie.zone
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    2 days ago

    Sunk cost fallacy. They have already invested so much in fossil fuel infrastructure that they feel that if they give up now, they would have wasted all their money.

    The fact that that the money is wasted whether they pivot to renewables or not something they consider. In fact, if they can lever their existing infrastructure they can be much more competitive than any new renewable energy provider.