December 8, 2016
More and more major investors, pension funds, and private and central banks are realizing that investments in the fossil fuel industry could become worthless later this century. Little by little, they’re exerting their influence to steer companies toward sustainability or turning their backs on them altogether.
Owners of coal-fired power plants and builders of mines have taken a hit on the stock market in recent years, partly due to competition from solar and wind energy. And the oil and gas industry is having a hard time too, in part because of low oil prices.
Demand for fossil fuels won’t disappear overnight, but if the energy transition accelerates, some analysts say demand for oil and gas will peak a lot sooner than the industry expects, leading to large-scale capital destruction.
Can you tell I like photographing these giant creatures????
Bob Hicks
And yet, the extraordinarily destructive rear-guard actions. Der Drumpf has just named a climate change-denying fossil fuel fanatic to run, of all things, the Environmental Protection Agency.
friderikeheuer@gmail.com
Fat cats and mad dogs, as Blow so aptly put it this morning.
Martha Ullman West
They do look like creatures and they are particularly beautiful in these photographs. Der Drumpf it was just announced has nominated for Labor Secretary a fast food chain owner who is against raising the minimum wage.
Lee
The progress made in northern European countries, especially Germany, to convert to wind and solar generated power is very impressive. There are some small towns that have managed to convert all of the power needs to non polluting sources.
Tricia
The last photo in the series is a winged bird over the horizon. Lovely work and I like the black and white.