Net zero ain’t happening and CCS won’t save us

Plus: Natural gas pricing itself out of the transition, Texas embraces gas-fired bitcoin mining, Russia’s bold helium play + MORE

First up: Natural gas, the cleanest-burning fossil fuel, is again becoming unaffordable in many end-user markets. Better get used to it: there’s no easy fix to the perennial problem of gas price spikes and supercycles.

And: Net zero won’t happen by 2050, carbon capture won’t decarbonise the fossil fuel industry, and hydrogen will play only a minor role in the energy transition. But don’t take my word for it: that’s according to DNV’s latest meaty outlook report.

Here’s the full line-up:

💥Natural gas is its own worst enemy — The oil industry’s heralded ‘bridge fuel’ is pricing itself out of the energy transition

⚡Transition lines:

• Net zero ain’t happening and CCS won’t save us

• Houston oilmen embrace gas-fired bitcoin mining

• Russia moves to dominate global helium market

• ADNOC to IPO drilling unit ahead of major oil expansion

• Iraq walks the talk on emissions

• And more...

🧠Energised minds:

• ‘Africa cannot leapfrog fossil fuels and alleviate poverty’