The energy companies (Shell, BP, Exxon, Texac...o etc) are habitually referred to as the above by people who know nothing about business, spread to millions of other people who know nothing about business, and then replace the reality with the received wisdom of myth. In fact these companies sell energy regardless of its method of generation.
Therefore if renewables become more profitable they simply include them as part of their portfolio, and as renewables provide guaranteed returns through subsidies, then they prefer them to the volatile fossil fuel supply, and then by artificially restricting fossil fuel the governments create a shortage which makes their fossil fuel worth more as well. Therefore they can't lose either way and all bet on both horses and couldn't care less how they make their money, and have the biggest stakes in both renewables and climate research in the world.
In 1997 Shell moved $500 million into renewables despite admitting they are 5-10% as effective as fossil fuel. Shell admit the truth
BP plough a fortune into renewables
Texaco switch to renewable in Jamaica
The Climate Research Unit at the University of East Anglia was not just funded by green activist groups like Greenpeace but most of the major energy companies. Why would they do this if they were signing their own death warrants? This is a simple concept, do not allow ignorance to prevail.