The European Commission attempted to bury news of its last-minute move which jeopardises the EU’s Green Deal and greenwashes fossil fuels, Transport & Environment (T&E) says. Originally published on Transport & Environment. Gas power plants and nuclear energy should be labelled “green” investments, the European Commission announced late on New Year’s … [continued]
Originally posted on EVANNEX. By Charles Morris The transition to electric vehicles and renewable energy is already creating winners and losers. We write about the winners often in this space — they include just about anyone who invested in Tesla since the 2010 IPO, especially those who followed a buy-and-hold strategy, as … [continued]
I recently interviewed Assaad Razzouk, CEO of Gurin Energy and host of “The Angry Clean Energy Guy” podcast, for our “CleanTech Talk” podcast series. Part 1 of the interview focused on Assaad’s career history and then 5 top greenwashing topics. Part 2, below, starts with a discussion about stranded assets and then resumes … [continued]
With the circus that is COP26 grinding inexorably along, the focus is now moving from coal (where some progress is being made — like the tide, though, with countries like Poland making pledges and then withdrawing their pledges) to unnatural gas. Long touted as a transitional fuel from coal to … [continued]
There was a building on a relatively busy corner leading out of town that could never stay in business. From the time I was a kid, it kept changing and opening as something else — a restaurant, a trading post, an antique store, a restaurant several times, and probably a few other businesses over the years that I can’t even remember.
There is a pretty simple truth about oil, and that is that there is lots out there, a fact that is not going to change going forward. In fact, quite the opposite. There is probably more upside to production, as well as downside on the demand side, meaning we will likely see low oil prices for the foreseeable future. The likelihood is that we will also see a race to the bottom in terms of the oil price as producers try to pump oil out of the ground and bring it to market as fast as possible. This in turn will lead to stranded assets as oil companies write down high-cost resources which have become too expensive to take out of the ground.
A new report from CDP has revealed that a group of the world’s largest companies — together representing nearly $17 trillion in market capitalization — have valued climate risks to their businesses at almost $1 trillion, risks which are likely to hit many companies within the next 5 years.
Are oil and gas companies investments on the path to obsolescence?
Below is an excerpt fromInsane Mode: How Elon Musk’s Tesla Sparked an Electric Revolution to End the Age of Oil by Hamish McKenzie.*
A new analysis from independent financial think tank Carbon Tracker has concluded that it would be cheaper to build new solar PV and onshore wind capacity in Indonesia, Vietnam, and the Philippines by the end of the next decade rather than continue operating existing coal-fired power plants.
