oiligarch
English edit
Etymology edit
Noun edit
oiligarch (plural oiligarchs)
- (informal, derogatory) A member of the ruling class that obtains their power from control of the oil industry.
- 2019 January 3, Jorrit Donner-Wittkopf, “The money behind the St Peter’s Perrodo Project: meet the Perrodo family”, in Cherwell.org[1], archived from the original on January 16, 2022:
- In later life, he developed a passion for playing polo and growing wine – his polo team, Labégorce, is named after the vineyard that he owned near Bordeaux. Today, his descendants form one of the most influential ‘oiligarch’ dynasties. Their company, Perenco, is a low-profile yet mammoth player in the oil industry, extracting more than 250,000 barrels a day across the globe.
- 2018 July 21, Charles Morris, “Can Big Oil transition to an Electric Vehicle world?”, in RedGreenAndBlue.org[2], archived from the original on March 25, 2021:
- Royal Dutch Shell has been an early mover in the oil-to-electrons trend – it also bought itself a utility, UK-based First Utility. The Anglo-Dutch oiligarch has also entered the retail EV charging space, following Oil companies are moving in on the electric vehicle charging space two different strategies in parallel.
- 2021 December 19, Nick Gottlieb, “Omelas and the moral catastrophe of climate change”, in Canadian Dimension[3], archived from the original on October 9, 2022:
- Microsoft profits handsomely from its work with the oil industry and Gates has built an empire around defending intellectual property rights, actively hindering adoption of low-carbon technologies (and vaccines) in the Global South. Abramovich is a Russian oiligarch.