Global warming, Green New Deal, and stupidity

Okay, so traditional energy companies, run by very rich people, want to stay in business, and our supposedly very rich person in the Oval Office is siding with them. So they're all opposed to the idea of recognizing global warming because it could impact their businesses. But it's not just the top people at these companies -- it's also their boards of directors.

Which brings back a story about the Winchester company. They hit it big on rifles and ammo during the Indian push-back period, the Civil War, and the expansion west. But then people didn't need rifles and ammo so much. So, although it's possible that their board was pushing like hell to continue the Indian battles and the expansion, they also came up with an idea: retool and start making tools and stuff that the settlers now needed. And that's what kept them going for years.

It's like a horse-drawn carriage and buggy whip company opposing the car industry. Which I'm sure they did.

But it makes me wonder about some of these traditional energy people fighting like hell to hang on to technologies from one or two centuries ago instead of gradually switching to new technologies. In my book, and IMHO, that's absolute stupidity and useless stubborness. Is it because they're too old to understand new technology, or did they all somehow manage to not learn anything in business school?

Meanwhile, the argument (the politicized argument) is about global warming instead of about some of these people just being damn stubborn and hanging on to buggy whips. Sure, that makes a lot of sense.

Or maybe they don't know that there are very rich people running "new technology" companies too?