The idea that the very real environmental costs of EV input extraction somehow mean the net impact is higher than oil extraction and use is extremely funny.https://twitter.com/EnergzdEconomy/status/1395753299958276109 …
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Thing is even at $150 oil, if demand is falling in an inelastic way, not sure those assets actually work at scale.
gang for becoming anti-capitalist de-growthers I suppose, impressive ideology shift there.
No doubt about it, and I don't have a view of where that tipping point is for domestic consumption but there will for sure be stranded assets and value destructive spinoffs/m&a while the industry tries to answer the question of which assets are the most durable
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broke: hammer China in press for funding coal plants in Africa as a cover for dumb great power and Military Industrial Complex reasons woke: invest sufficiently in green energy that all belt and road energy initiatives are medium-term zeroes
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Turning belt and road into a Landesbank situation to own the CCP.
End of conversation
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