Rising renewable energy investment plus unsteady oil prices may mean we're witnessing the last stand for fossil fuel expansion. With Alberta doubling down, how will Canada respond?
I wonder if your assessment might come into conflict with the thesis in “The Price is Wrong” by Brett Christopers? Tyler Swanson’s summary of his book states: "Viewing the energy transition and the development of renewable energy through the prism of price is misleading because, economically, price is not the problem. Rather, the issue is that renewables are not profitable enough relative to other forms of energy, and government support is necessary to make the profitability of renewables both visible and viable.” This is a great summary of his point that finance will continue to support oil and gas despite the price, and is this the same for government? Why government still subsidizes oil and gas far in excess of renewables has always been a mystery to me and I think Brett’s book explains it.
I wonder if your assessment might come into conflict with the thesis in “The Price is Wrong” by Brett Christopers? Tyler Swanson’s summary of his book states: "Viewing the energy transition and the development of renewable energy through the prism of price is misleading because, economically, price is not the problem. Rather, the issue is that renewables are not profitable enough relative to other forms of energy, and government support is necessary to make the profitability of renewables both visible and viable.” This is a great summary of his point that finance will continue to support oil and gas despite the price, and is this the same for government? Why government still subsidizes oil and gas far in excess of renewables has always been a mystery to me and I think Brett’s book explains it.