TUHO: welcome carbon bubble?

A recent attempted sale illustrates the increasing challenge of selling oil assets. When BP tried to sell two stakes in North Sea fields to Premier Oil, it slashed its price by two-thirds in negotiations, to $205 million, only to see the deal collapse entirely late last year when Premier hit financial difficulties.

BP Chief Executive Bernard Looney, who took office in February 2020, is gambling that BP can make the clean-energy transition much faster than its peers. Last year, he became the first major oil CEO to announce that he would purposely cut future production. He aims to slash BP's output by 40%, or about 1 million barrels per day, an amount equal to the UK's entire daily output in 2019. At the same time, BP would boost its capacity to generate electricity from renewable sources to 50 gigawatts, a 20-fold increase and equivalent to the power produced by 50 U.S. nuclear plants. (For a graphic on BP's clean-energy investment plans, see https://tmsnrt.rs/3fbaCJP)

To hit those targets, Looney plans $25 billion in fossil-fuel asset sales by 2025. That's equivalent to about 13% of the company's total fixed assets at the end of 2019. Under his watch, BP has already sold legacy projects worth about $15 billion. In addition to the Oman deal, Looney unloaded oil and gas fields in Alaska and the North Sea and sold off BP's entire petrochemical operation, which produced a $402 million profit in 2019.

Special Report: BP gambles big on fast transition from oil to renewables | Reuters
https://www.reuters.com/business/sustainable-business/bp-gambles-big-fast-transition-oil-renewables-2021-09-20/

Polsko musí denně platit půl milionu eur za to, že nezastavilo těžbu v hnědouhelném dole Turów. Sankce Soudního dvora EU má platit do uposlechnutí příkazu soudu.

To je roztomilé. Co všechno jsme ochotní číst-promýšlet-sdílet-propagovat, místo abychom změnili sebe-/-systém.

The record of 59.6 per cent was set at 11.55am on Sunday, when the share of wind and solar alone reached a record 57 per cent, and would likely have easily been more than 80 per cent had numerous wind and solar farms not switched off or dialled down output due to negative prices.
Indeed, total wind and solar curtailment around that time amounted to around 3.5GW, according to NEMLog, compared to total large scale wind and solar capacity producing at the time of around 5.7GW.
Still, the new benchmark easily beats the 58.3 per cent record set just after noon on Thursday, September 9, which was interesting because that record was established on a weekday when demand is generally higher due to more industrial activity.

Australian renewables hit record share of 59.8 per cent on main grid on Sunday | RenewEconomy
https://reneweconomy.com.au/australian-renewables-hit-record-share-of-59-8-per-cent-on-main-grid-on-sunday/

nejvyssi cas zacit natirat :D
'Whitest ever' paint reflects 98% of sunlight - BBC News
https://www.bbc.com/news/science-environment-56749105

XCHAOS: jo, dalsi [SHEFIK] z cyklu tlapkova patrola zachranuje. tentokrat sekvoje

TADEAS: je to asi drzost takhle komentovat, ale kdyby ta klimatická kavárna byla klimatizovaná, tak ve velkých vedrech by tam bylo příjemné zajít, ochladit se a zanadávat si :-)

SHEFIK: Source CCS dává smysl fyzikálně, ale ne ekonomicky, proto ho nikdo nezavádí a nezavede. Smyslem CCS je vytvořit falešnou naději, "je ok, že budeme ještě 30 let vypouštět CO2, protože pak ho zase dostaneme pod zem". Nedostaneme.

fajn playlist - Climate Thinkers
Climate Thinkers: John Schellnhuber
https://www.youtube.com/watch?v=--9sJsU7oaE&list=PLD0ZIx-srTCCKpTkz88-D4MPe2y3heYOW

Trocha stravitelné fyziky:

Why Capturing Carbon from the Air Will Always Be Expensive - by Aatish Bhatia - The Rate of Change
https://rateofchange.substack.com/p/why-capturing-carbon-from-the-air

Because CO₂ is a trace gas in the atmosphere, extracting carbon from the air is like panning for gold — to extract 1 tonne of CO₂, you need to sift through over 2,000 tonnes of air — and this makes carbon capture unavoidably expensive & inefficient.

So physics teaches us two things about the cost of pulling CO₂ from the air.

It can go down somewhat.

It’s still really expensive.

Current estimates place the cost of capturing carbon between $200 and $1,000 per tonne of CO₂. To put that number in context, it would cost the entire US GDP (give or take a factor of 2) to recapture one year’s carbon emissions with existing technology.