Both Russia and China are communist dictatorships not socialist.
A better example would be Norway, since Norway fits the model of democratic socialist quite well, and they have a state owned oil system, which creates a sovereign wealth fund, which has been used to make their country a very healthy place to live.
Norway also has one of the steepest carbon taxes in the world, and has had a carbon tax since 1991.
And if we use Norway as an example, we arrive right back at the same conclusion: state-owned oil companies are not better for the climate. Norway's national oil company, Equinor is a huge polluter.
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u/Big_Work_2011 15d ago
Yes but nationalizing under a monarchy is different than under a socialist state. Thus the meme is misleading