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‘Abolish these companies, get rid of them’: what would it take to break up big oil?

Transitioning to ecological sustainability Expanding democratic ownership

Carla Skandier, manager of the climate and energy program at the Democracy Collaborative, says groups like hers are now researching ways to end the cycle of harm through nationalizing segments of the fossil fuel industry. In the simplest terms, the process would involve the federal government buying out entire oil and gas companies to take ownership of their infrastructure and assets.

“When we talk about abolishing the fossil fuel industry, we are really talking about the urgent need for an endgame to manage the industry’s fast decline,” Skandier said.

Publication date: 2021-08-11
Parent publication: The Guardian
Publication URL: https://www.theguardian.com/environment/2021/aug/11/climate-crimes-big-oil-fossil-fuels

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