Russia seems intent on selling the world’s very last barrel of oil. As other energy superpowers and petro-states around the world scramble to diversify their economies and establish a foothold in the burgeoning green energy transition, Russia has stalwartly refused to ease its reliance on its fossil fuels industry and is vying for the distinction of being the last man standing in an industry whose days are inevitably numbered. This strategy could pay off for years or even decades to come. While the United Nations and the Intergovernmental Panel on Climate Change sounded the alarm bells that we have reached the point of no return for global warming, with an all-out, no-holds-barred pivot away from fossil fuels absolutely necessary to avoid the most devastating impacts of climate change, this kind of overnight revolution is highly unlikely. It’s more than probable that the world still has an appetite for hundreds […]