Why the Texas oil crash is terrible for renewables

Don’t celebrate plummeting oil and gas prices. The crash won’t be good for renewable energy.


BY ALEXANDER ROZENFELD

Texas oil and gas companies are experiencing their most dire crisis ever. As countries have shuttered and industries slow from COVID-19, demand for oil and gas has plunged while supply from OPEC, Russia, and the United States continues to rise. Oil usually hovers around $40-$60 a barrel, but during this pandemic, prices are struggling to stay above $20. For some, the crash of the fossil fuel energy industry is a reason to celebrate. Such celebrations by the “oil is our enemy” crowd…

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Corporate Responsibility vs Accountability

Corporate responsibility:  When corporations improve their own footprint and provide better alternatives to the consumer to help them reduce theirs (e.g. zero net carbon products)

Corporate accountability:  When corporations improve their own footprint and that of their consumers, providing better choices without passing on regressive costs

We share the world – the good, the bad, and the ugly, but can we share the blame? Global warming is here, but is any single entity responsible for rising emissions that lead to shifting ecology, extreme weather, and other larger, yet unclear, impacts? It’s easy to point the finger on greedy corporations, peddling…

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