Even now, decades after we first began trying to avert the worst of global warming, more than 80% of the world’s total energy comes from fossil fuels.
You might think this would make fossil fuel production extremely profitable. But it’s not always the case. Much of the most accessible oil has already been extracted and burned. Many countries want to shore up domestic sources of fossil fuels to boost energy security. Energy price fluctuations and competition from new energy sources such as solar, wind and fossil gas have made it harder for some fossil fuel companies to make money, especially in coal.
