October, 2020 marked the end of an era: The world’s largest solar and wind power generator, the US utility NextEra, surpassed ExxonMobil – literally the embodiment of Big Oil’s recklessness and once the most valuable company on earth – in stock market worth: It took a pandemic to show the markets that the time for clean energy and clean air is right now, and here we are.
Major announcements around new renewable energy plans were being made in the same period that NextEra was eclipsing ExxonMobil: Apparently, oil companies including Total, Shell and BP and oil traders including Vitol, Trafigura and Mercuria are intending to unleash hundreds of billions of dollars in new investments in renewable energy and battery storage.
In this episode, The Angry Clean Energy Guy attempts to weigh the depth, breadth and sustainability of the wall of money about to pour into clean energy and to assess the implications on Big Oil’s future and on renewable energy markets around the world.
Photo by Assaad W. Razzouk
There is so much to be angry about, if you are a clean energy guy.
Every day, so many things that happen around the world make me angry when I look at them with lenses colored by the climate change chaos unfolding everywhere around us. And I am especially angry because I know we can solve the climate change crisis if we were only trying.
Each week, I will share with you a few topics that struck me and that I was very angry about – and this will generally have to do with climate change, solar or wind power, plastic pollution, environmental degradation, wildlife, the oceans and other related topics.