• Oil majors in the US pushing for a carbon tax? Some reasons for the seemingly counterintuitive support: 1. The writing is on the wall regarding climate policy (it is coming in some form). This is way less extreme than the Green New Deal. 2. This could move Republicans more to the center (and thus more electable) in the eyes of certain voters, which would in the end play out well for oil majors. 3. It is a hedge against future litigation.
  • For more ideas, see the following: 

  • Sweden’s lack of electricity capacity is threatening growth. Why? “Sweden is halfway through a plan to replace the output from four reactors in the industrial south with thousands of wind turbines in the north. But grid connections, some dating back to the 1950s, aren’t up to scratch so the power isn’t shipped to where it’s really needed.” Shutting down fossil fuel plants (good!) and nuclear reactors (bad!) as well as embracing renewables (good, but intermittent!) without the requisite storage capacity and grid infrastructure is a recipe for disaster.
  • Emmanuel Macron proposes a Europe-wide kerosene (jet-fuel) tax. From the article (German): “Air travel’s contribution to worldwide carbon dioxide emissions currently amounts to around 2.7%.”
  • Renewables added 171 GW of global capacity in 2018, for an increase of 7.9%. However, global investment in power and stable efficiency decreased.