Exxon Is Losing the Energy Transition

What does it mean when the world’s largest generator of wind and solar outpaces the most iconic oil company in market value? We’re talking about NextEra Energy and ExxonMobil. What does the flip tell us about the energy transition?

Plus, reporters at Bloomberg got their hands on documents that show ExxonMobil plans to pretty significantly ramp up emissions in the coming years. Is this the planet’s most recalcitrant company?

Then, the flattening of hydrocarbon growth will change global political power. But do we really know how yet? We’ll discuss a new piece from Jason Bordoff about the surprising geopolitics of energy.

Lastly, a lot of manufacturing relies on very high heat. Are there ways to reach those temperatures cleanly? We’ll look at some new developments in the steel industry.

Recommended reading:

  • Bloomberg: Exxon’s Plan for Surging Carbon Emissions Revealed in Leaked Documents 
  • Barrons: Green-Oriented NextEra Nears ExxonMobil in Market cap
  • Wall Street Journal: NextEra Energy Made Takeover Approach to Duke Energy
  • Foreign Policy: Everything You Think About the Geopolitics of Climate Change is Wrong 
  • IRENA: A New World, The Geopolitics of the Energy Transformation
  • Mighty Earth: ArcelorMittal’s New Carbon-Neutral Commitment Could Catalyze Steel
  • SSAB: “First in fossil-free steel using ‘Hybrit’ technology”
  • Greentech Media: How to Slash the Industrial Emissions that are Heating the Planet
  • Greentech Media: The Building Industry Gets Serious About Embodied Carbon
  • Columbia Center on Energy Policy : Low-carbon heat solutions for heavy industry
  • A Matter of Degrees podcast with Leah Stokes and Katharine Wilkinson

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