Episode 114 - Clean energy | International institutions | John Bolton | Mark Sheffield - a podcast by Ryan Ray & Ellen Wald

House Democrats Will Call for 100% Clean Cars by 2035
https://www.bloomberg.com/news/articles/2020-06-28/house-democrats-to-call-for-100-clean-cars-by-2035-in-new-plan
- Net zero emissions in electric sector by 2040 — just means buying carbon offsets
- Net zero emissions by 2050, 100% clean vehicles by 2035
- extends tax credit for solar power
- “enviromaniacs”

BP to sell global petchems business to Ineos for $5bn
https://www.argusmedia.com/en/news/2118490-bp-to-sell-global-petchems-business-to-ineos-for-5bn
- BP giving up, they missed the boat on petrochemicals and are jettisoning an asset that they just didn’t focus on
- Selling it as a PR move to “reinvent itself”
- Private businesses may be in a better situation to acquire strategic assets at this particular time because they aren’t worried about satisfying public shareholders or holding shareholder calls

Iraq to review some oil contracts at high-cost fields
https://www.reuters.com/article/oil-opec-iraq-contracts/iraq-to-review-some-oil-contracts-at-high-cost-fields-idUSL5N2E509T
- Iraq now open to renegotiating contracts with service providers on higher cost of production fields
- US oil consumption is still not trending up, Beijing isn’t fully open either
- Not a bad move for Iraq because it will show companies that gov is willing to be flexible in order to keep companies with the best expertise interested in staying in Iraq. Will help Iraq in the long-run.

Bloomberg New Economy: China’s Post-Covid Climate Choice
https://www.bloomberg.com/news/newsletters/2020-06-27/bloomberg-new-economy-china-s-post-covid-climate-choice
- problem with green initiative. Nuclear could replace coal
- China building lots of coal-fired power plants in order to jump start economies

The “Mother Fracker” Reckons With the Mother of All Oil Busts
https://www.texasmonthly.com/energy/scott-sheffield-pioneer-oil-bust
- Sheffield supported proration at TRC hearing but word on the street is that he wanted it in order to get out of some obligations.

The World Isn’t Ready for Peak Oil
https://www.theatlantic.com/ideas/archive/2020/06/were-not-ready-transition-away-oil/613621/
- Was 2019 the year for peak oil?
- China’s “middle class” is 10% of its population - they want upward mobility
- Declaring that oil consumption is at a peak is leaving out 4 billion people in the world who still want upward mobility.

The Small Canadian Province That Could Lead The Future Of Energy
https://www.forbes.com/sites/ellenrwald/2020/06/25/the-small-canadian-province-that-could-lead-the-future-of-energy/#32d58d6aeba7

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