Lloyd Whitworth of Surrey Council saying the quiet part out loud: “At the moment, our biggest investment in #renewable energy is through #Shell. Even if we thought they were #StrandedAssets, they’d still be a buy now"🤦‍♀️ https://www.netzeroinvestor.net/news-and-views/surrey-pension-fund-theres-a-balance-of-power-shift-on-net-zero #NetZero #BigOil #LGPS

https://www.clientearth.org/latest/press-office/press/major-blow-for-ineos-as-court-strikes-down-3bn-plastics-project/ Stranded assets. This is what it looks like. Building a plastics factory without a license and knowing that legislation will forbid more plastics is not the best business decision … #climate #finance #plastics #strandedassets

Are our #Climate goals beng scuttled by #sunkCapital, Running aground on #strandedAssets?

Japan Says It Can Make Coal Cleaner. Critics Say Its Plan Is ‘Almost Impossible.’ https://www.nytimes.com/2023/07/22/world/asia/japan-coal-renewable-energy-ammonia.html?smid=nytcore-android-share

https://www.nytimes.com/2023/07/13/climate/natural-gas-leaks-coal-climate-change.html

#StrandedAssets: Governor Newsom‘s transition fuel to the transition according to the NYTimes, “It takes as little as 0.2 percent of #gas to #leak to make natural gas as big a #driver of #climatechange as #coal, the study found. That’s a tiny margin of error for a gas that is notorious for #leaking from drill sites, processing plants and the pipes that transport it into #powerstations or #homes and kitchens.”

#keepitintheground #TaxBillionairesOutOfExistence

#StrandedAssets: But absent major breakthroughs in #carboncapture technology, we’ll eventually need to shutter most if not all of those #gasplants to avoid disastrous #temperature jumps. Scientists say we need to cut #carbonpollution nearly in half by 2030.
Could we get started ditching #gas sooner — and save some money — by accepting a few more blackouts for the next few years? Sammy Roth in the LATimes.

@ntv Ah, und dann wird über die LNG-Terminals ab sofort also nur noch #GrünerWasserstoff importiert, ja? Das war ja die Behauptung, dass man da keine fossilen #StrandedAssets hinbaut.

The right policy and investment decisions today will avoid high carbon lock-in and #strandedassets and put the #steelsector on the path of net-zero compatible investments that can future-proof the industry and its jobs. 5/6

Despite the financial risks, some of the world’s largest asset managers are increasing their support 💵📈 for the #FossilFuel🛢️🏭 industry https://www.newstatesman.com/spotlight/climate-energy-nature/2023/05/net-zero-asset-managers-oil-gas #StrandedAssets

"Failure to adopt a broader plan (for #EnergyTransition) means Australia 🇦🇺 could run the risk of becoming a #StrandedAssets country" https://www.afr.com/politics/federal/labor-risks-making-australia-a-stranded-asset-country-on-climate-20230517-p5d8za

Europe has a projected 63 GW of fossil gas power plant capacity in the construction and pre-construction phases.

⚠️ This presents a serious risk of #StrandedAssets or carbon lock-in, according to a new report by @ReclaimFinance. https://t.co/7av6i5YjDq

#China leads the world in renewables deployment, but planned investments in 200GW of new #coal capacity could cause $26-40B of #StrandedAssets 🏭 📉

New analysis tracks China's 🇨🇳 commitment to meet its #emission targets & the risks of over-reliance on coal power https://carbontracker.org/reports/balancing-act-stranded-assets-and-flexibility-in-chinas-power-sector/

More than half of Europe’s 🌍 #LNG import capacity could become #StrandedAssets by 2030 as current LNG buildout plans are set to vastly exceed projected demand for liquefied natural #gas🔥 by the end of the decade, IEEFA have found https://www.politico.eu/article/europe-huge-excess-lng-liquefied-natural-gas-import-capacity-expert-warn/

The problem with the global #oil & #gas industry is that each producer thinks they'll be the last O&G🛢️producer standing? - do you want to be the investor holding the bag when it turns out they were wrong?! http://www.bloomberg.com/news/articles/2023-03-24/petrobras-ceo-says-he-s-ready-to-be-world-s-last-oil-producer #StrandedAssets #OOTT

As this report shows, anti-net-metering talking points are based on an outdated version of the grid, where for-profit #utilities control everything. Utilities want to gut #NetMetering to maintain control and use the proceeds to pay for rising utility costs, including the growing costs of addressing #ClimateFueled #catastrophes and #StrandedAssets in #fossilfuel infrastructure.

RT @TerliWetter
Die Transformation hat begonnen...

Besser früher auf das richtige Pferd setzen, als nachher alles abzuschreiben. #StrandedAssets

https://www.handelsblatt.com/unternehmen/energie/verkehrswende-total-verkauft-komplettes-tankstellennetz-in-deutschland/29040958.html

Europe refilled gas stocks mid-winter with existing LNG regas capacity (thin yellow bar), with capacity to spare

This huge rollout will crater utilisation rates, IRRs & capacity valuations

Fingers gonna get burned

#StrandedAssets

Unusable Farm Fields and Forced Relocation USA https://rumble.com/v2a0mx0-unusable-farm-fields-and-forced-relocation-usa.html
#OhioChemicalDisaster #ohioderailment #ohiochemicalspill #forcedrelocation #strandedassets #watercontamination #vinylchloride #railroadaccident

Companies building #LNG infrastructure today need plans to make those assets #netzero by 2050 or they risk becoming #strandedassets.

Comments from @mattwittenstein @UNESCAP on the risks of LNG investment🔽

https://t.co/2BPXu2yW0c

#BarclaysBank
#BetterWithoutBarcays
#ClimateAndEcologicalCrisis
#SixthMassExtinction
#FossilFuelDivestmentNow
#FossilFuels > #StrandedAssets > #FossilFuelCrash
https://marketforces.org.uk/barclays/

Oxfam shops, I learned today, use Barclays card readers.

As a matter of basic ethics why is Oxfam still giving business to Barclays, the biggest funder in Europe of fossil fuels, when Oxfam well knows the terrible consequences of the climate and ecological crisis in the Global South hard.

@OxfamGB

#BetterWithoutBarclays
#ClimateAndEcologicalCrisis
#SixthMassExtinction

#FossilFuels > #StrandedAssets > #FossilFuelCrash

#Oxfam
#Ethics
#FossilFuelDivestmentNow
https://marketforces.org.uk/barclays/