Wrong. They’re correctly predicting that despite a shift away from non renewables, society will always have a need for plastics, jet fuel, diesel fuel, and legacy ICE regular petroleum. This is a move to be the consolidated monopolized leader at the top of the stack when all the climate involved millennials eventually get into governance
Lol no. They’re betting on an expansion of fossil fuel use. That’s not going to happen in a scenario where there’s a limited residual use of fossil fuels for those uses.
To these huge companies, the longer term doesn’t matter much right now: if it pans out, they’ll celebrate; if it doesn’t, some gullible politician will bail them out and they’ll celebrate anyway. However, they’re publicly-traded and thus ruled by quarterly profits. (Apparently saying the obvious here, multiple of the top comments at NYT read similarly…)