The article discusses how despite the fossil fuel industry's public commitments to reducing their carbon footprint, they have quietly continued to invest in new oil and gas projects, contradicting the scientific consensus on climate change. The five largest private oil companies have reportedly earned $153 billion in profits in 2022 alone, highlighting the industry's reliance on high oil prices. The article notes that the strategy of prioritizing short-term profit over long-term sustainability is problematic, as it perpetuates the industry's contribution to climate change and hinders efforts to reach the Paris Agreement's target of limiting global warming to 1.5 degrees Celsius.