Such good news: "the current fossil fuel system runs at a loss, and will amass losses every year." The world's 8th largest bank, BNP Paribas, says: "The economics of renewables are impossible for oil to compete with when looked at over the cycle." Read their report. 1/https://twitter.com/GregorMacdonald/status/1158763843708805120 …
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Oil's days are numbered.
"The economics of new wind and solar projects combined with EVs are set to become irresistible."
"Renewable electricity has a short-run marginal cost of zero, is cleaner environmentally, could readily replace up to 40% of global oil demand."
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