This BNP Paribas report has been much commented on, for very good reason. It's another credible source sounding the death knell for fossil fuels, and supporting the continued economic advantages of renewables and emobility. The short video is well worth a few minutes to watch. The reason there is so much deliberate misinformation and aggressive rejection of clean energy is of course because so many established businesses and value chains stand to lose so much in the transition. On the plus side, so many opportunities exist to create value from the transition. It's those companies we support at Hyperion, those that are seeking to take advantage of the new world energy order.
“What we’re saying is if you’re comparing investing money in renewable energy in tandem with electric vehicles, you can get six to seven times the energy yield at the wheels – useful energy, mobility – for the same capital outlay as you can spending on oil at the current market price of $60 a barrel, and then refining it into gasoline and using it in an internal combustion engine, which loses 80% of the energy as heat.”