'Black Gold,' produced by timestudiosfilm, tells the story of the coverup of the century—a gripping documentary exposing a global conspiracy that changed the world forever. 'Black Gold' debuts in theaters today and on Paramount+ on May 17
oil companies studied the science of how burning fossil fuels would warm the planet and realized as early as the 1970s that addressing climate change would threaten their core business. To protect their profits, they hid the evidence and launched public relations campaigns to sow doubt with the public and obstruct appropriate regulation.
These efforts made it harder to recruit talent into the industry and left companies increasingly vulnerable to regulation. Still, nothing challenged the industry’s attitude toward climate as much as the change in tone from investors.
In short, the scale of the industry’s changes doesn’t match the science. Mike Sommers, the head of the American Petroleum Institute summed it up in a January 2022 address. While offering an unequivocal declaration that his industry needs to address climate change, he made clear that the industry would not shrink voluntarily. “We reject efforts to scale back domestic production,” he said. “This is about addition, not subtraction.
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