Exxon Is Losing the Energy Transition
Energy Gang
Wood Mackenzie
4.6 • 1.3K Ratings
🗓️ 9 October 2020
⏱️ 59 minutes
🧾️ Download transcript
Summary
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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Transcript
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| 0:00.0 | The Energy Gang is brought to you by Sun Grown. |
| 0:02.0 | Sun Grow is helping the world's businesses and people harness the power of the sun. |
| 0:07.0 | It develops cutting edge technology for residential, commercial, and large-scale solar generation. |
| 0:12.0 | Find out more at Sungrow Power.com. |
| 0:15.4 | We're also brought to you by Core Power. |
| 0:17.4 | Core Power designs and manufactures the 1,500-volt Mark 1 energy storage system, |
| 0:22.3 | which offers best in class safety features |
| 0:24.3 | market leading energy density and low installation and operations costs. |
| 0:28.1 | CorePowers modules are now on the market. |
| 0:30.6 | Find out more at corepower.com, k-O-R-E-P-O-E-P-D-T-M-C-T-E-T-E-P-M-O-T-E-T-M-T-E-T-E-T-M-T-E-T-E-T-G-T-G-T-T-O-T Green-G-N-T-E-N debates and discussions about the fast-changing world of energy. |
| 0:54.6 | Welcome to the show. I'm Stephen Lacy. I'm a contributing editor at GTM. |
| 0:58.4 | What does it mean when the world's largest generator of wind and solar outpaces the most iconic oil company in market value. |
| 1:05.2 | We're talking about next era energy and ExxonMobil. Plus reporters get their hands on |
| 1:10.0 | documents showing that as other companies ramp down their emissions, ExxonMobil plans to ramp up. |
| 1:15.5 | Is this the planet's most recalcitrant company? |
| 1:18.7 | Then the slow de-emphasis on hydrocarbons will change global political power, but do we really know how yet? |
| 1:25.8 | And last decarbonizing heavy industry. |
| 1:28.2 | A lot of our manufacturing relies on very high heat. |
| 1:31.6 | Are there ways to reach those temperatures cleanly and what's going on in |
| 1:34.9 | the steel market. Jigger Shaw's with me as usual he's there in Bethesda Maryland. |
| 1:39.6 | Hi Jigger. |
| 1:40.6 | Hey how are you? |
... |
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