"Nationalise the Oil Companies"

"Take ExxonMobil, which plans to pump an astonishing 25% more oil and gas in 2025 than it did in 2017. As that well-known bastion of eco-socialism, the Economist, puts it: 'If the rest of the industry pursues even modest growth, the consequence for the climate could be disastrous,' adding that 'the market cannot solve climate change by itself'. According to the UN's Intergovernmental Panel on Climate Change, if we wish to prevent global temperatures rising by more than 1.5C above pre-industrial levels–beyond which climate disasters multiply–then oil and gas production has to fall by 20% by 2030, and 55% by 2050. However, the economic self-interest and political power of the fossil fuel industry is deliberately sabotaging this goal."

Owen Jones at The Guardian writes that as long as energy companies and banks "remain under private ownership on a global scale, humanity's future will be threatened."