Energy Transition in Action: US Stock Market has Chosen the Green Path

(2 November 2020) Contrary to reasoned arguments of those who believe that the peak of oil demand is still far ahead even as the likes of bp expect we'll never again return to pre-COVID global oil demand levels, the US stock market has already chosen the green path. For the first time ever, the market value of a primary producer of renewable energy has surpassed that of oil majors. On October 7, 2020, the market value of the world's largest producer of wind and solar energy—Nextera...