Photo voltaic and wind despatched European utilities into monetary disarray, and U.S. utilities are dealing with an analogous destiny. Are international oil firms subsequent?
A brand new report from one of many world’s largest banks, BNP Paribas, says that photo voltaic and wind paired with electrical vehicles present as much as seven instances extra helpful power for mobility than gasoline greenback for greenback. And that financial actuality might hit oil firms prior to they assume.
“The oil business has by no means earlier than in its historical past confronted the sort of risk that renewable electrical energy in tandem with EVs poses to its enterprise mannequin,” concludes the report.
This week on The Power Gang, we’ll dig into the findings. How does it sq. with present projections for EV development and oil demand?
Then, a regulatory shock from the Trump Administration is delaying an 800-megawatt offshore wind venture. It might additionally damage different initiatives deliberate for the East Coast. Is that this a cautious step, or a cynical political transfer from a hostile White Home?
Lastly, as 16-year-old local weather activist Greta Thunberg is on her option to the U.S., she’s come beneath hearth from the conservative media. We’ll take a look at the unusual response to her rise and affect.
BNP Paribas: Wells, Wires and Wheels
GTM: Winery’s Delay Exposes Challenges for Quick-Transferring US Offshore Wind Market
New York Instances: The Downside With Greta Thunberg’s Local weather Activism
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