Oil industries should be required to offset the carbon equivalent they extract.
This is why you need a true carbon tax if you want to go down this road, as it would make you pay for the actual carbon you produce.
Applying this uniformly to all manufacturers around the world, along with users of final products (like gasoline) would be very difficult though.
>50% of oil is extracted by oil states like KSA and Russia which aren't going to do that.
You're just going to become more reliant on oil states.
You need to fund realistic alternatives first (which we are doing).
Rome wasn't built in a day. But we're moving in the right direction almost as fast as possible.
It probably took 10-20 years too long to get started moving in the right direction, but we are - solidly - now.