Why Governments Need to Regulate Oil Companies to Succeed in Curbing Carbon Emissions

04/18/23

“Why do governments need to regulate oil companies to succeed in curbing carbon emissions?”

Oil production and consumption inextricably produce carbon emissions. Since oil companies’ financial success is based on such processes, it’s unlikely they would cut it down. Without any restrictions, oil companies will continue to pollute and destroy the environment. They’ve already spent decades funding climate change denial, so how could they be trusted? Luckily, the government can wield its regulatory powers to force oil companies into compliance. This is Why Governments Need to Regulate Oil Companies to Succeed in Curbing Carbon Emissions