Renewable energy wins over oil and gas in post-coronavirus world: Russell

Financial Post | Apr 7, 2020 at 12:01 PM
  • Imagine waking up one morning with a deadly tiger snake in your bed.
  • In developing nations such as India, Vietnam and others in Asia and Africa, renewables will likely be significantly cheaper and faster to build and connect to electricity grids than conventional fossil fuel power plants.
  • There is a counter-argument that cheap LNG will propel demand for new gas-fired power generation, but this will only be the case if the project developers and financiers believe that the current low LNG price will prevail for the 40 years life of a typical power plant.