This from the New York Times: “Oil Companies Are Collapsing, but Wind and Solar Energy Keep Growing”
The end is in sight for fossil fuel companies. So let’s stop subsidizing them. We’re just throwing money down a filthy rathole. Watch for more posts here over the next couple of weeks that point to the demise of fossil fuels and the growth of green, renewable energy. It is time to change the narrative.
Here is the new message: Green, clean energy — now, today — is the best economical choice. Spread the word.
Excerpts from the New York Time article: “Oil Companies Are Collapsing, but Wind and Solar Energy Keep Growing“:
A few years ago, the kind of double-digit drop in oil and gas prices the world is experiencing now because of the coronavirus pandemic might have increased the use of fossil fuels and hurt renewable energy sources like wind and solar farms.
That is not happening.
In fact, renewable energy sources are set to account for nearly 21 percent of the electricity the United States uses for the first time this year, up from about 18 percent last year and 10 percent in 2010, according to one forecast published last week.
In many parts of the world, including California and Texas, wind turbines and solar panels now produce electricity more cheaply than natural gas and coal. That has made them attractive to electric utilities and investors alike.
Photo illustration by Russ Seidel, Creative Commons