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Reliance on fossil fuels remains virtually unchanged despite trillions for ‘clean energy’

At COP28, the recent United Nations climate change conference in the United Arab Emirates, bureaucrats, politicians and activists from nearly 200 countries gathered to push for a “transition away from fossil fuels” and continue and indeed expedite efforts to achieve a global net-zero “carbon footprint” by 2050. However, despite significant spending on clean energy, the …

2023 – The Year The Renewables Bubble Burst

In 2023 clean energy witnessed one of the toughest years in its short history. Supply chain issues, the energy crisis post Russia’s invasion of Ukraine and the ensuing ramp of interest rates and inflation hit all entities across the natural resources value chain. Clean energy bore the brunt of these global tensions more than other …

Rolling blackouts cloud Hawaii’s energy future

Power shortages on Monday forced Hawaiian Electric Co. to institute rolling blackouts that left 120,000 customers on the island without power for 30-minute periods throughout the late afternoon and evening. …