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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Cost-benefit analysis is about as easy as policy evaluation gets and it somehow soars over the heads of these people. Anyhow congrats to the
gang for becoming anti-capitalist de-growthers I suppose, impressive ideology shift there.6 replies 0 retweets 26 likesShow this thread -
George Pearkes Retweeted Javier Blas
The de-growth faction of
Twitter continues to (ironically) grow!https://twitter.com/JavierBlas/status/1397622810839748612 …George Pearkes added,
Javier BlasVerified account @JavierBlas5) What about returns? So far, there's little sign Big Oil can generate the RoACE it's used to in oil/gas in renewables. And I'm skeptical of EV charging as a business. So either accept lower RoACE (and cut divi as Shell / BP did), or stop capex and run the business for cash 5/5Show this thread3 replies 0 retweets 7 likesShow this thread -
Replying to @pearkes
I do think Javier's point about increasing capex being unsustainable for the e&p industry is basically correct tho--in a world where consumption is dropping YoY the question is whether returns can be made up on renewables in a way that doesn't require divi cuts from supermajors
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I also as a general rule also agree that while supply side can provide solutions, addressing the demand side with carbon pricing is an overall preferable solution
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Replying to @drewg__
My favorite tax policy idea is a revenue neutral carbon tax that escalates per ton over the years, and entirely offsets payroll taxes. Zero net deficit impact, subsidizes labor at the expense of carbon.
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Replying to @pearkes
Agree, though my preferred flavor of this idea is an income tax rebate that only applies to your first 40k in income, steepens the tax curve and also keeps a little more revenue for uncle sam
2 replies 0 retweets 1 like
The devil on my shoulder says cap and trade would be more fun though because I would have a new widget to sling on the desk
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