Exxon Mobil CEO on the 'dirty secret' of Net Zero: 'People who are generating the emissions need to be aware ... and pay the price'

These companies are faced with a stark choice: either they continue down their current path of extracting fossil fuels, or they face extinction. The transition to renewable energy sources is too great a leap for them to make, given their existing profit margins and business models.

It's like the disruption that Netflix brought to Blockbuster - someone comes along and says "let's forget about our profits and change everything we do!" But in reality, it's not that simple.

Nationalization is the only practical path forward here.