Emily Cunningham Profile picture
Aug 23, 2019 13 tweets 6 min read Read on X
Such good news: "the current fossil fuel system runs at a loss, and will amass losses every year."

The world's 8th largest bank, BNP Paribas, says: "The economics of renewables are impossible for oil to compete with when looked at over the cycle." Read their report.

1/
👀

Oil's days are numbered. 👇

"The economics of new wind and solar projects combined with EVs are set to become irresistible."

"Renewable electricity has a short-run marginal cost of zero, is cleaner environmentally, could readily replace up to 40% of global oil demand."

2/
DAMN

"oil industry has never before in its history faced the kind of threat that renewables... pose to its business model:

* short-run marginal cost of zero
* much cleaner environmentally
* much easier to transport
* could readily replace up to 40% of global oil demand"

/end
Ooh! @JeremyLeggett created a slideshow on this groundbreaking report from @BNPParibas's Mark Lewis @MCL1965.

Oil's days are numbered.

jeremyleggett.net/2019/08/05/a-g…
Simply glorious news. 👇

"Even if we add in the cost of building new network infrastructure to come with all the new wind and/or solar capacity implied by replacing gasoline with renewables and EVs, the economics of renewables still crush those of oil."

#CarbonBubble *Crack!*
"Extrapolating total expenditure on gasoline in 2018 for the next 25 years would see $25 trn spent on mobility...We estimate the cost of new renewables projects [able] to match the 2018 level of mobility provided by gasoline every year for the next 25 years at only $4.6-$5.2trn."
Yup:

“The economics of oil for gasoline and diesel vehicles versus wind- and solar-powered EVs are now in relentless and irreversible decline, with far-reaching implications for both policymakers and the oil majors.”

#CarbonBubble
Oil demand peaking in 2020s means a huge amount of money is at risk. The question is: when will financial markets wake up? Or as @MCL1965 of banking giant BNP Paribas put it:

"How much longer can Wile E Coyote keep walking out on thin air over the gulch before he looks down?"
On oil demand peaking in 2020s, watch this video from Kingsmill Bond of @CarbonBubble. I summarized it in this thread:

.@arhobley explains the vast amount of money and value at risk due to demand for oil peaking in the 2020s:

The largest bank in the Eurozone (8th largest in the world) has damning news for oil sector:

"Oil is finished; EVs+renewables are 6x more cost-effective"

Again, this is a *banking giant* talking. Report doesn't even consider climate or health benefits. chargedevs.com/newswire/major…
If I was an oil exec, I'd either be terrified OR continue proclaiming, "everything is fine!" to the great peril of shareholders and the world economy.

@MCL1965 reminds us of the billions lost in the European utility industry when demand for thermal electricity peaked in 2007:
Another example of billions lost when incumbents failed to see the reality in front of their face:

#CarbonBubble

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More from @emahlee

May 9, 2022
@8bit_bb @june_seattle @Bob_Wachter I don't think that's the whole story.

1) Since normalcy is being manufactured, people are taking signals from government/others around them, thinking "hey if X is saying and acting like things are ok, the risk must not be THAT bad." Same situation with climate change

1/?
@8bit_bb @june_seattle @Bob_Wachter 2) Long covid isn't being discussed much, and I don't think people are aware of its prevalence and severity for folks with mild symptoms or asymptomatic. And how chances go up more times someone is infected

See: 👉🏻

👉🏻

2/?
@8bit_bb @june_seattle @Bob_Wachter 3) Able-bodied people have a hard time imagining a) how difficult living with a disability can be, and b) how horrific ableism is for disabled people. Speaking of driving our cars everyday, I broke my neck in a car accident. I'm lucky to be alive.

3/?
Read 8 tweets
Nov 19, 2021
!! @mer__edith's work reminds me of @GeoffreySupran & @BenFranta's work re the "fossil fuel industry's invisible colonization of academia."

These issues are connected. Big Tech has deals with Big Oil “collectively worth billions” to help “churn out more oil" using AI.

🧵
"Fossil fuel interests have colonized nearly every nook and cranny of energy and climate policy research in American universities, and much of energy science too. And they have done so quietly, without the general public’s knowledge."



2/
My thread on how Amazon is actively partnering with Big Oil to help them automate and accelerate oil and gas extraction using @awscloud's AI... during a climate emergency.



3/
Read 4 tweets
Apr 14, 2020
Amazon fired me and @marencosta.

As Mary Oliver wrote, "oh! how rich it is to love the world." It's a gift to be able to fight for something you love so deeply.

All I know is that we need each other. And that we can do this.

PS I love you.
How we respond now to covid… what we value, *who* we value, will become a model, a reference, for how we behave, who we value, who we protect, etc etc in the climate chaos months and years that are coming at us fast. 2/
We are in the middle of both the climate crisis and a global pandemic. This is the time to deeply care about one another. It’s about the kind of humans we want to be in an uncertain, scary world that is disproportionately harming and killing BIPOC and other vulnerable ppl. 3/
Read 5 tweets
Mar 27, 2020
I'm matching donations up to $500 to support my Amazon warehouse worker colleagues. "The lack of safe and sanitary working conditions" puts them and the public at risk.

It's bad ya'll...

THREAD
Here're some things we're hearing form Amazon warehouse workers.

Crowded together, hundreds of Amazon warehouse workers pass by each other at the end of their shift.

2/

"After the second [#COVID19] case, amazon didn’t close the building even for one shift. After the third, they closed it for 48 hrs. They still have not implemented proper social distancing procedures and continue to ship non-essential goods."

3/
Read 19 tweets
Jan 16, 2020
I'm a designer and tech worker at Amazon. For over a year, dozens of my @AMZNforClimate colleagues and I have been publicly speaking out. We organized thousands of us to walk out in Sept for the Global Climate March.

Yet, @monteiro's piece doesn't sit well w me. Let me explain.
First, some additional context. The *day* after we announced internally our participation in the Global Climate Strike, Amazon updated its external communication policy. And then... well, @marencosta and I recently spoke on record about what happened:

washingtonpost.com/technology/202…
You can also listen to my interview on the BBC about this. We're in a fucking climate emergency. Shit is real. But we have a chance – and a responsibility – to avert unimaginable suffering and death if we act now, with courage and speed. *Together.*

Read 16 tweets
Dec 27, 2019
I've been thinking a lot about @MaryHeglar's thread. I agree with her. And...

When people ask climate activists, "What gives you hope" I think they may actually be asking, "What makes it possible for you to do what you do? And can I have some of that?"

THREAD
2. I don't think they have the words for this yet though. So they attempt to learn this (clumsily) by asking "what gives you hope?"
3. Reading @fmlappe's excellent, must-read interview in @NYTmag made me think about @MaryHeglar's issue with being asked "what gives you hope."

nytimes.com/interactive/20…
Read 12 tweets

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