Oct 15, 2025
"The consolidation of fossil fuel firms is creating an ever more fragile and exposed system... Every delay, lawsuit, blockade, loan cancellation, insurance exit, regulatory pushback, or community opposition recalibrates the arithmetic of risk... The more disruption occurs, the more financial models adapt to expect it. This means that every disruption is effective, whether or not it stops a project outright. Even when it looks like we’re losing, we’re shifting the risk landscape.
As the fossil fuel industry consolidates into an ever smaller number of vast firms, new strategic openings for disruption emerge.