🚨 Recent paper by @gregorsemieniuk.bsky.social et al. show that the 2022 oil & gas crisis resulted in record industry profits at the expense of the clean energy transition, and worsened inflation and inequality as the majority of gains went to the wealthiest 1%. https://peri.umass.edu/?view=article&id=1857:distributional-implications-and-share-ownership-of-record-oil-and-gas-profits