The explanation of what motivates the fossil fuel industry is Warren Buffet's "One Last Puff" business strategy.
Buffet's early investment strategy depended on finding a business on its last legs, stripping it of saleable assets, loading it with debt, & diverting its last ounce of profit elsewhere.
That's what the fossil fuel industry appears to be doing, ginning up profits & investing it in systems to prolong its primacy.