Kepler Chevreux, a French investment bank, has produced a
fascinating analysis that has dramatic implications for the global
oil industry. The investment bank estimates that $100 billion
invested in either wind energy or solar energy — and deployed
as energy for light and commercial vehicles — will produce
significantly more energy than that same $100 billion invested in
The implications, needless to say, are dramatic. It would signal the
end of Big Oil, and the demise of an industry that has dominated the
global economy and geo-politics, for the last few decades. And the
need for it to reshape its business model around renewables, as we
“If we are right, the implications would be momentous,”
writes Kepler Chevreux analyst Mark Lewis.
Danielle Jordan, President
Valdosta State University
Dear Ms. Jordan,
The Investment Committee of the VSU Foundation Board of Trustees has
reviewed the request from your organization that securities issued
by companies engaged in the production of fossil fuel energy be
excluded from the foundation’s endowment portfolios. Compliance with
your well-intentioned request is impractical for a number of reasons
and perhaps even a breach of the fiduciary responsibility that all
of our trustees take very seriously.
Should Harvard President Drew Faust
“Significantly constraining investment options risks significantly constraining investment returns”?
Actually, if Harvard has been wasting investments in oil and gas for the
past year, its endowment has lost a bundle.
Economist, author, and advisor to governments
told an agent of the world's largest uranium field operator
at a conference of global investors that there's no business
future in nuclear power.
I don't spend much time on nuclear technology, unless somebody asks
me about it, because frankly from a business perspective, I think
the video, followed by more transcript and discussion.
Nuclear power was pretty well dead in the water in
the 1980s after Three Mile Island and Chernobyl. It had a comeback.
The comeback was the industry said "we are part of the solution for
climate change because we don't emit CO2 with nuclear; it's
polluting, but there's no CO2".
28 SolarWorld panels, 5.25 kilowatts –Paul Wolff renewable energy, Paul Wolff, The Volta Collaborative (TVC), Tybee Island, Chatham County, Georgia, 17 February 2012. Video by Gretchen Quarterman for Lowndes Area Knowledge Exchange (LAKE).
Paul Wolff told us how he came to invest in solar energy:
I did the math on it ahead of time.
I had a bunch of mutual funds that hadn’t done anything in a long time.
I figured out given the
state and federal tax credits
what the payback would be,
and it came out to be about eight years.
So I just divided that out, and by selling mutual funds
and investing that money in solar panels on my roof
it’s an eleven percent return.
And in this economic climate I have nothing else
yielding anywhere near that.
So that’s a selling point.
Georgia Energy Trust Fund —Dr. Sidney Smith 2012 02 17
South Eastern Pathology Associates,
Selling Power, Lower Rates for Customers LLC (LRCLLC),
Richmond Hill, Bryan County, Georgia, 17 February 2012.
Videos by Gretchen Quarterman for LAKE, the Lowndes Area Knowledge Exchange.
We donate 1.5% of the money we make to this trust fund for the county….
Now we invest that money in Georgia bonds for the county.
And then the county only gets half of the interest
So the funds we donate for these counties will
as a result of what we’re doing with the trust fund…
It’s invested in us, roads, airplanes, deep water, stuff like that.
First Solar Inc. is selling one of its large California solar farms to
MidAmerican Energy Holdings Co., ending the solar-panel maker’s search
for a buyer.
The sale places MidAmerican Energy, a unit of Warren Buffett’s
Berkshire Hathaway Inc., in the solar-power business for the first
time. MidAmerican operates fleets of wind farms and conventional
The companies didn’t disclose terms of the deal Wednesday, but said the
Topaz solar-power plant, in San Luis Obispo County, is worth more than
That’s more evidence there is private financing available for solar power.
CCA’s 2010 annual report states categorically that, “The demand for our
facilities and services could be adversely affected by the relaxation
of enforcement efforts, leniency in conviction or parole standards
and sentencing practices or through the decriminalization of certain
activities that are currently proscribed by our criminal laws — for
instance, any changes with respect to drugs and controlled substances
or illegal immigration could affect the number of persons arrested,
convicted, and sentenced, thereby potentially reducing demand for
correctional facilities to house them.”
CCA continues, “Legislation has been proposed in numerous jurisdictions
that could lower minimum sentences for some non-violent crimes and
make more inmates eligible for early release based on good behaviour,
(while) sentencing alternatives under consideration could put some
offenders on probation who would otherwise be incarcerated. Similarly,
reductions in crime rates or resources dedicated to prevent and enforce
crime could lead to reductions in arrests, convictions and sentences
requiring incarceration at correctional facilities.”