It isn’t thriving. It’s losing market share, investment and relevance. This process is accelerating. Follow the money. Even oil companies are pouring their money into renewables. I’m sure they’ve thought through the consequences of that.

I wouldn't say "pouring money into it". Equinor, which sometimes is put forward as one of the "good guys", only spends a few % of what they spend on o&g development. To my mind, the oil companies have not at all understood what'll hit them.