Which Are The "Stranded Assets" Now?

  • How quickly things change.

  • It was only two years ago, in 2023, that I was writing posts compiling long lists of quotes from climate activists warning that all assets used for production of coal, oil and gas were about to become obsolete and “stranded.” After all, wind and solar were (supposedly) cheaper and cleaner for generating electricity, which could then power anything and everything. Therefore anyone stupid enough to make further investments in producing fossil fuels would lose everything. Here is one such post from June 2023, and another from February 2023.

  • If you look today, you can still find predictions in 2025 that fossil fuel assets will shortly become “stranded.” (Here is one from Bloomberg from March 6: “Investors Risk $2.3 Trillion of Stranded Fossil Fuel Assets.”). But such predictions are becoming fewer and fewer.

  • Instead, what looks far more likely is that large portions, if not the entire business, of “renewable” electricity generation from wind and sun is likely to get “stranded.”

Read More

"Renewable" Electricity Champion Denmark Now Looking Into Nuclear

"Renewable" Electricity Champion Denmark Now Looking Into Nuclear
  • At this site, when I have written about countries and states seeking to be among the leaders in eliminating fossil fuels from their electricity supply, I have generally focused on the larger jurisdictions, like Germany and the UK in Europe, and California and New York in the U.S.

  • But there is one much smaller country that puts all of those bigger ones to shame: Denmark.

  • With a population of only about 6 million, Denmark has pushed the “renewable” electricity generation thing well beyond what others have been able to accomplish. According to its official statistics, in 2024 Denmark got some 79.5% of its electricity from what it calls “low carbon” sources. The large majority of that came from wind and solar, with only a minimal contribution from nuclear. As to nuclear, Denmark had in fact mandated phasing it out, by a law passed back in 2003.

  • So then, does it seem like, with just a final little push, Denmark can go over the top and reach the long-sought goal of 100% of generation from “renewables”?

Read More

Somebody Please Tell Kathy Hochul That The Climate Jig Is Up

Somebody Please Tell Kathy Hochul That The Climate Jig Is Up
  • It’s Climate Week here in New York, and you can feel the excitement.

  • The UN General Assembly is in town, and simultaneously something called the “Climate Group” (“Our mission is to drive climate action. Fast.”) is holding some 600 (!) events to promote policies that they somehow believe will “save the planet.”

  • At one of these events yesterday, New York Governor Kathy Hochul showed up to deliver what she probably thought was a significant policy speech. The Governor’s web page describes the speech this way:

Read More

In Germany, The Energy Transition Situation Only Gets Worse

In Germany, The Energy Transition Situation Only Gets Worse
  • Plenty of virtuous places (New York, California, UK, Australia) want to compete for the mantle of “climate leader.” But let’s face it, at least among places with significant population, nobody can top Germany.

  • In Germany, they got started on a massive build-out of wind and solar electricity generation way back in the early 1990s. By year-end 2023, they had total wind and solar nameplate electricity generation capacity of 148 GW, which is about 2.5 times average demand (of about 60 GW) and about 1.5 times peak demand (of about 100 GW). So surely, the days of fossil fuels in Germany must be numbered.

  • Time for another update on Germany’s progress toward energy nirvana.

  • The bottom line is that, like the Red Queen, Germany is running faster and faster to stay in place. In the meantime, it is destroying its economy.

Read More

Debate: Is A Demonstration Project Really Necessary?

Debate:  Is A Demonstration Project Really Necessary?
  • My repeated calls for a Demonstration Project of a zero-emissions electrical grid have led to a spirited debate among knowledgeable commenters.

  • While most back my position, some say that a Demonstration Project is really not necessary and would be a waste of effort.

  • The gist of the argument of those disputing the necessity of a Demonstration Project is that it is so obvious that a zero-emissions grid powered predominantly by wind and solar generation cannot be achieved that the expense and effort of building an actual physical facility cannot be justified.

Read More

The Energy Transition Ain't Happening: "Green" Economy In Retreat

  • As mentioned in my recent post from July 20, there are many data points gradually accumulating as to the lack of progress toward the so-called “green” economy.

  • It has long been clear to people who think about it that the energy transition to “net zero” is a fantasy that will not occur.

  • But the question remains of exactly how the mania will come to an end. Will the net zero fantasies of the climate cultists proceed at full speed until they crash into a wall of physical reality (e.g., blackouts)? Or instead will these fantasies gradually retreat as governments respond to voter pressure over costs and convenience, and as investors pull back as it becomes clear that projects cannot succeed financially?

Read More