NewEnergyNews: Investors Are Moving To New Energy

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The challenge now: To make every day Earth Day.

YESTERDAY

  • Weekend Video: Time To Bring New Energy Home
  • Weekend Video: The Return Of Big Solar
  • Weekend Video: New Ways To Get At Geothermal
  • THE DAY BEFORE

  • FRIDAY WORLD HEADLINE-Paying Fairer Shares In The Climate Fight
  • FRIDAY WORLD HEADLINE-New Energy Can Improve Global Health Care
  • THE DAY BEFORE THE DAY BEFORE

    THINGS-TO-THINK-ABOUT WEDNESDAY, April 14:

  • TTTA Wednesday-ORIGINAL REPORTING: The Differences Between Energy Markets
  • TTTA Wednesday- Biden Admin To Ensure Jobs Plan Protects Equity – DOE Head
  • THE DAY BEFORE THAT

  • SoCalEdison’s Newest Plan To Mitigate Wildfires
  • THE LAST DAY UP HERE

  • Weekend Video: New Energy Means New Jobs
  • Weekend Video: Better Communication About The Climate Crisis
  • Weekend Video: VW Affirms Driving Is Ready To Go Electric
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    Founding Editor Herman K. Trabish

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

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    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

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  • MONDAY’S STUDY AT NewEnergyNews, April 19:
  • San Diego Gas & Electric’s Industry-Leading Plan To Fight Wildfires

    Friday, March 26, 2021

    Investors Are Moving To New Energy

    The End Of Big Oil Spending; Global spending on renewables is quickly catching up to oil and gas

    Tim McDonnell, March 22, 2021 (Quartz)

    “…[Saudi Aramco, the world’s largest state-owned oil company, reported] a 44% decline in net profits in 2020 thanks to the pandemic. With global oil demand unlikely to bounce fully back until at least 2022, the company said it will shave up to $10 billion off its capital spending plans this year… ExxonMobil announced a similarly-sized spending cut…Globally, fossil fuel companies’ spending on “upstream” activities (finding and producing oil and gas) fell by nearly one-third in 2020…Meanwhile, spending on solar and wind farms is setting new records and catching up fast. In 2019, global renewables spending was nearly 60% below upstream oil and gas; in 2021, the gap is projected to be just 22%...

    …Oil and gas spending will likely rise a bit with the post-pandemic economic recovery, but the gap to renewables will continue to narrow as oil companies contend with the long-term contraction of their market. Since the beginning of 2020, leading oil majors have written down the value of their fossil-producing assets by more than $100 billion…[They are] focusing on their lowest-cost sources of production and not hunting for new sources…Renewables, however, are in a period of rapid growth as costs fall and demand surges for zero-carbon electricity…” click here for more

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