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Ending the Fossil Fuel Era$
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Thomas Princen, Jack P. Manno, and Pamela L. Martin

Print publication date: 2015

Print ISBN-13: 9780262028806

Published to MIT Press Scholarship Online: January 2016

DOI: 10.7551/mitpress/9780262028806.001.0001

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Exit Strategies

Exit Strategies

(p.311) 12 Exit Strategies
Ending the Fossil Fuel Era

Thomas Princen

Adele Santana

The MIT Press

In this chapter, Thomas Princen and Adele Santana assume that for an overall societal exit from the fossil fuel era, industrial inertia must be overcome in part by industry itself. And for that, individual firms must lead the industry out of business, or at least out of a pattern of extraction rates incompatible with sustainable and just living on this planet. The authors assume that fossil fuel industrialists know that a higher calling is possible and that in a biophysically constrained and highly unjust world, they too can rise to the occasion. This chapter offers preliminary imagining of an company strategy for exiting the business during an inevitable period of fossil fuel decline.

Keywords:   Industry decline, Early exit, Cultural norms, Scenarios, Mining industry, Recovery rates, Vertical disintegration

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