When the automobile started to become popular the horse and carriage industry campaigned against the automobile and tried to make sure that the automobile industry failed.
There is over a trillion barrels of oil left (http://www.bp.com/sectiongenericarticle.do?categoryId=9023769&contentId=7044915) and there are enough reserves of coal for the next 130 years (http://www.worldcoal.org/coal/where-is-coal-found/). With trillions more to make off of coal and oil these companies will do everything that they can to make that money. That’s Business.
Companies that profit the most from creating climate change have a lot of extra money (profit) and use it to campaign and lobby the government and the people to stop any attempt to address climate change. In 2006 77% of those polled in America believed that Global Warming was happening due to human activity, now that number is down to about 57% (http://www.msnbc.msn.com/id/33434755/ns/us_news-environment/).
As the economy struggles and companies campaign to stop climate change abatement people will not support efforts to address climate change.
That is the political story.
Technology wise we are making great advancements. Check out this slideshow of electric vehicles that will be debuting in the next couple of years, they range in price from $30,000 to $109,000: http://www.latimes.com/business/la-fi-cover25-2009oct25-pg,0,7014598.photogallery
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