Isn't that just capitalism? Replace "oil & gas" with any other for profit organizations and the same would be true, no?. E.g. if being privacy focused could make Facebook even more money than what they're doing now, they'd do it, etc.
Soviet Russia was into oil production just as much as anyone else. The simple truth is that oil is very useful and the externalities are easy to ignore. The blame game is not useful for this situation.