Fourty years back smoking was fashionable. I have a photo of my parents trying their hand at an Illustrated Weekly photo contest promoting smoking sponsored by a leading cigarette company! Today, they would have been cancelled.
The ICE and oil industries have been around for 100+ years. Will they keep quiet when upstarts are going down the path of EV, Batteries, Fission, Fusion, Hydrogen, Hybrid-EV and so on?, etc? What can you expect other than FUD from the ICE industry which will afford them time to reconfigure? The largest ICE companies are all moving EV.
*The late Parag Parikh of PPFSL, a very successful Mumbai based broker and financial consultant, had a deep interest in this topic and has written a very lucid book on the same. What drives financial decisions has been a subject of deep research andhas now become complex and out of reach of the common man. Like all treatises, the subject now needs elucidation.