“Remember that the stock market value of oil and gas firms is based on their oil and gas reserves. They are worth what the stock market thinks these can be sold for. So for them, these reserves must be part of the solution to climate change; this is why they place dirty, fossil fuel-based hydrogen at the heart of their plan.”
North Sea
There’s few clearer signs of the carnage in the global economy than US oil trading as low as -$40 a barrel, the first time in history it has ever traded negative. There’s simply too much supply in the US due to demand crashing, and therefore there’s nowhere to store them. The main delivery point in Cushing, […]