One of the most interesting topics when discussing the switch from coal to green energy is the price. This discussion was raised when US President Donald Trump decided to withdraw from the COP21 Paris Agreement.
What happened at the last general shareholders assembly of ExxonMobil needs to be noticed, as it is probably marking a symbolic change in the attitude of big investors towards the changing climate.
According to the terms of the Paris Agreement and United Nations estimates, the level of investment in renewable energies to avoid the catastrophic effects of global warming should rise to $1 trillion, against the $286 billion invested last year.
The number of new oil and gas discoveries made over the last few years has declined. And fears of oil shortages are regularly returning—reminiscent of previous alarms about the planet’s shrinking black-gold reserves. On several occasions, the International Energy Agency (IEA) also issued alerts about slowdowns in investment.
Why has Exxon Mobil not written down the value of its assets at a time when oil prices have plunged by more than 60 percent since 2014? The US Securities and Exchange Commission is looking into the matter to see if the oil giant could be playing games
Brent crude prices have seen a consistent decline from well over $100 per barrel in 2014 to less than $30 from the beginning of 2016. Based on oil prices that had been rising for more than a decade prior to 2015,