Author Topic: Addressing climate change (Read 10213 times)

Granny · « **Reply #300 on:** March 27, 2020, 12:20:07 pm »

Oil Price Crash Opens A Window Of Opportunity For Renewables
https://oilprice.com/Alternative-Energy/Renewable-Energy/Oil-Price-Crash-Opens-A-Window-Of-Opportunity-For-Renewables.html

Just a month ago, companies and investors had a financial incentive to continue investing in new oil and gas projects despite the societal and environmentalist backlash against fossil fuels. Not anymore.

In just a couple of weeks, the oil price crash made investments in renewable energy starting to look more attractive. Or at least as attractive as investment in oil and gas.
...
At $35 oil, however, the average IRR for oil and gas projects slumps to the renewables return range—5 to 10 percent, according to Wood Mackenzie.
...
Unfortunate as this is for Big Oil’s just-announced pledges to curb emissions and invest more in alternative energies ... "Even if Big Oil stopped investing in renewables altogether, that would have a minor impact on growth.”

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Author Topic: Addressing climate change (Read 10213 times)

Granny

Re: Addressing climate change