How Electric Cars and Renewables Could Beat Oil
Energy Gang
Wood Mackenzie
4.6 • 1.3K Ratings
🗓️ 16 August 2019
⏱️ 48 minutes
🧾️ Download transcript
Summary
Solar and wind sent European utilities into financial disarray, and U.S. utilities are facing a similar fate. Are global oil companies next?
A new report from one of the world’s biggest banks, BNP Paribas, says that solar and wind paired with electric cars provide up to 7 times more useful energy for mobility than gasoline dollar for dollar. And that economic reality could hit oil companies sooner than they think.
“The oil industry has never before in its history faced the kind of threat that renewable electricity in tandem with EVs poses to its business model,” concludes the report.
This week, we’ll dig into the findings. How does it square with current projections for EV growth and oil demand?
Then, a regulatory surprise from the Trump Administration is delaying an 800-megawatt offshore wind project. It could also hurt other projects planned for the East Coast. Is this a careful step, or a cynical political move from a hostile White House?
Finally, 16-year-old climate activist Greta Thunberg is on her way to the U.S. — and she’s come under fire from the conservative media. We’ll look at the strange reaction to her rise and influence.
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Transcript
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| 0:00.0 | The Energy Gang is brought to you by Sun Grow. |
| 0:03.0 | Sun Grow is the leading solar inverter supplier by volume in the world and is now a leading supplier across the Americas. |
| 0:09.0 | With the world's most powerful 250 kilowatt, 1,500 volt string inverter. |
| 0:14.0 | Sungrow is providing disruptive technology for utility scale projects. |
| 0:17.8 | Find out more at Sungrow Power. |
| 0:20.0 | com. Come. |
| 0:25.0 | From Green Tech Media, this is the Energy Gang. |
| 0:31.0 | Weekly debates and discussions on the fast-changing world of energy. I'm Stephen Lacy, a contributing editor at Green Tech Media. Welcome to the show. |
| 0:38.0 | This week, Solar and Wind have sent European utilities into financial disarray and U.S. utilities are facing a similar fate. |
| 0:45.7 | Our global oil companies also facing a similar future. |
| 0:49.7 | A new report from one of the world's biggest banks says that solar and wind paired with |
| 0:53.3 | electric cars provides up to seven times more useful energy for mobility than |
| 0:57.5 | gasoline dollar for dollar and that could hit oil companies sooner than they |
| 1:01.7 | think. |
| 1:02.6 | How did they reach this conclusion? |
| 1:04.4 | And how does it square with the reality that EVs aren't yet growing fast enough |
| 1:08.2 | to put a dent in oil demand? |
| 1:10.2 | Then a regulatory surprise from the Trump administration is delaying an 800 megawatt offshore wind project |
| 1:15.8 | and potentially hurting other projects plan for the East Coast. |
| 1:19.0 | Is this a careful step by regulators or a cynical political move from a hostile White House. |
| 1:25.0 | Finally, 16 year old climate activist Greta Thunberg is on her way to the US and she's come |
| 1:30.3 | under fire from conservative media in the countries she's visited, we'll look at the |
... |
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