Last week I had the opportunity to talk with over 300 participants in an Australian Smart Energy Council webinar. It was organized to exploit my unusual timezone alignment with Oz as I spend a few weeks in New Zealand as a digital nomad. Over 600 signed up, expecting to listen to the recording later. That […]
will be scrapped or simply rust underground.
Two or three things. If you are in an oil and gas major that isn’t named Orsted, it’s unlikely that they are going to change. Recent actions by the fossil fuel majors make it clear that they are paring all unnecessary expenses — obviously the lobbying and PR efforts like the fraction of 1% of revenues they spend on CCS to delay climate action are essential expenses — and extracting as much of their reserves as they can before the bitter end., where your skills are transferable.
It’s only coal’s hideous negative externalities of approaching 80 pollution-forced deaths per plant per year, mercury poisoning, acid rain, and massive CO2 emission that have led to so much demand for natural gas over the past 30 years. But that’s coming to a rapid end. But an economy running on renewables and electricity with electricity providing heat and power is a very high efficiency, low-energy cost economy that’s immune to carbon border adjustments. It’s a country without the negative health impacts of fossil fuels that are a drain on productivity.
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