Fossil fuels and infrastructure are increasingly stranded assets. Invest in renewable energy. π§ͺπ‘πβοΈπ¨π§π
"The gas turbines are now being sold to the US, where theyβll serve a data-center site in Indiana β not an ideal market for oceangoing LNG ships."
The bit about Indiana not being an ideal market for oceangoing LNG ships is subtle perfection from @davidfickling.bsky.social Kudos to the editors too
Justin Mikulka
"a company that spent nearly a decade building a 650 megawatt LNG generator in the Philippines announced it was considering abandoning it. The gas turbines are now being sold to the US, where theyβll serve a data-center site in Indiana β not an ideal market for oceangoing LNG ships."
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Justin Mikulka
Exxon Mobil Corp. appears to think buying an Australian LNG producer might be the best way to make the most of global energy markets after the re-opening of the Strait of Hormuz. That could be a costl...