stranded assets – Thinking Port

Commbank Follows Super Funds in Curbing Investment in Fossil Fuels

August 20, 2024 admin Australia, banks, climate change, Extreme weather, Fossil Fuels, Natural Disasters, stranded assets

Credit to Author: David Waterworth| Date: Sat, 17 Aug 2024 11:31:12 +0000

I was incredibly pleased and excited to read this headline in my newsfeed this morning from the Australian Broadcasting Commission (ABC): “Commonwealth Bank stops lending to fossil fuel companies without genuine emissions plan.” It’s about time. Add that to the withdrawal of support from some of Australia’s very well-funded superannuation … [continued]

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CleanTech Energy News Science

A Gas Station!

February 11, 2020 admin air quality, buildings, clean power, clean transport, cleantechnica exclusive, cleantechnica reviews, climate change, consumer technology, creative destruction, electric cars, Fossil Fuels, gasoline, green economy, HEALTH, Oil, policy & politics, stranded assets, Uncategorized, useless

Credit to Author: Barry A.F.| Date: Tue, 11 Feb 2020 06:17:01 +0000

There was a building on a relatively busy corner leading out of town that could never stay in business. From the time I was a kid, it kept changing and opening as something else — a restaurant, a trading post, an antique store, a restaurant several times, and probably a few other businesses over the years that I can’t even remember

CleanTech Energy News Science

The Truth Around Oil

October 7, 2019 admin cars, clean transport, consumer technology, electric cars, Electric vehicles, Fossil Fuels, green economy, Oil, oil demand, oil supply, stranded assets

Credit to Author: Gerard Reid| Date: Mon, 07 Oct 2019 21:00:28 +0000

There is a pretty simple truth about oil, and that is that there is lots out there, a fact that is not going to change going forward. In fact, quite the opposite. There is probably more upside to production, as well as downside on the demand side, meaning we will likely see low oil prices for the foreseeable future. The likelihood is that we will also see a race to the bottom in terms of the oil price as producers try to pump oil out of the ground and bring it to market as fast as possible. This in turn will lead to stranded assets as oil companies write down high-cost resources which have become too expensive to take out of the ground