Unless the problem of stranded assets is dealt with fairly, we will continue to encounter resistance to replacing fósil fuels with renewables. A coal mine, in a world of renewable energy sourced, can no longer market it's coal. What happens then o the investors in coal? One might say tough luck investors. We need a better answer than that.
© 2025 All Rights Reserved
Unless the problem of stranded assets is dealt with fairly, we will continue to encounter resistance to replacing fósil fuels with renewables. A coal mine, in a world of renewable energy sourced, can no longer market it's coal. What happens then o the investors in coal? One might say tough luck investors. We need a better answer than that.
Policy decisions, including corporate business decisions, are moral statements.
Two versions of morality here:
It is immoral to price-gouge the poor and the sick (idealized Christianity)
It is moral to strive to become rich, because God favours the rich (prosperity gospel)
Which moral statement above is winning out?