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Capitalists don’t care if we burn
(lemmygrad.ml)
I took it out of the meme to avoid seeming cluttered, but I must mention that they don’t just want USian corporations to have the monopoly. Renewables are at odds with capitalism and capitalists know oil is more lucrative than less labor intensive alternatives. Ted Reese makes a strong explanation for the lack of adoption of hemp and solar in SoE.
I should point out on the energy front that while they're building more fossil fuel plants, they're decommissioning older, less efficient ones, and building nuclear reactors to take over long term. Coal plants only take a few years to build compared to nuclear plants 20+, so there isn't actually much better they can do while meeting their (and as you point out, the west's) energy needs.