Energy derived from fossil fuels is becoming irrelevant and is losing market share to renewable energies, especially in the long-term.
Lack of market dominance is due to public awareness of fossil fuel impact on climate change. This is leading to divestment and adoption of green technologies that replace fossil fuels.
Public awareness also pressures lawmakers to create legislation and regulations limiting fossil fuel emissions, adding the volatile element of uncertainty in this industry.
Additionally, due to centuries of extraction, fossil fuels are increasingly difficult to obtain, refine, burn and transport. This will potentially cut into corporate dividends and investor payouts, in the long-term.
