It doesn't make sense to risk the lives of billions of people just to try and stick it to the oil companies. The conclusion that is implied by this type of sentiment is, "well if we don't give them a life raft then they will be forced to go out of business." The conclusion that if things get bad enough people will stop acting in self interest and start considering the greater good is questionable. The more realistic reality is imo people are going to continue to burn fossil fuels because it benefits them economically to do so. The situation 10 to 20 years from now is probably going to look more similar to today than not. Some countries make progress, but others increase their emissions.

Internal combustion engines are too well understood and wide spread to conceivably ban. Our planet will boil if we don't develop carbon sequestering capability at scale. It doesn't seem fair to me to risk the lives of all those people that will die from climate related problems just because we don't like the oil companies.