Eni’s green spin-off, New York’s nuclear fallout, EV minerals crunch + MORE
Eni’s green spin-off, New York’s nuclear fallout, EV minerals crunch + MORE
💥Energy Flux💥| Wednesday, 5th April 2021
Oil majors and their shareholders don’t derive much value from investing in renewable energy, but other investors are clamouring for green ventures — which seems to have given Italy’s Eni a bright idea. That’s the lead topic in today’s issue:
💥Eni moots green spin-off to relieve shareholders of low carbon burden
💥New York burns more gas after closing Indian Point nuclear power plant
💥 EVs and wind turbines face critical minerals supply crunch
⚡Transmission lines – Energy transition stories you might’ve missed
🧠Energised minds – Critical thinking on crucial energy issues
💥Eni moots green spin-off to relieve shareholders of low carbon burden💥
Nobody invests in oil companies in order to finance renewables. Oil investors want high-yielding investments that support above-market dividends, not low-risk, low-reward wind and solar farms – even though oil companies must diversify and decarbonise to survive the energy transition. How to resolve this conundrum?…