Exxon Is Losing the Energy Transition

What does it mean when the world’s largest generator of wind and solar outpaces the most iconic oil company in market value? We’re talking about NextEra Energy and ExxonMobil. What does the flip tell us about the energy transition? Plus, reporters at Bloomberg got their hands on documents that show ExxonMobil plans to pretty significantly ramp up emissions in the coming years. Is this the planet’s most recalcitrant company? Then, the flattening of hydrocarbon growth will change global political power. But do we really know how yet? We’ll discuss a new piece from Jason Bordoff about the surprising geopolitics of energy. Lastly, a lot of manufacturing relies on very high heat. Are there ways to reach those temperatures cleanly? We’ll look at some new developments in the steel industry. Recommended reading:Bloomberg: Exxon’s Plan for Surging Carbon Emissions Revealed in Leaked Documents Barrons: Green-Oriented NextEra Nears ExxonMobil in Market capWall Street Journal: NextEra Energy Made Takeover Approach to Duke EnergyForeign Policy: Everything You Think About the Geopolitics of Climate Change is Wrong IRENA: A New World, The Geopolitics of the Energy TransformationMighty Earth: ArcelorMittal’s New Carbon-Neutral Commitment Could Catalyze SteelSSAB: “First in fossil-free steel using ‘Hybrit’ technology”Greentech Media: How to Slash the Industrial Emissions that are Heating the PlanetGreentech Media: The Building Industry Gets Serious About Embodied CarbonColumbia Center on Energy Policy : Low-carbon heat solutions for heavy industryA Matter of Degrees podcast with Leah Stokes and Katharine Wilkinson The Energy Gang is brought to you by Sungrow, the leading global supplier of inverter solutions for renewables. During these uncertain times, Sungrow is committed to protecting its employees and continuing to reliably serve its customers around the world. Sungrow has also leveraged its extensive network across the United States to distribute face masks to communities in need. The Energy Gang is also brought to you by KORE Power. Based in the U.S., KORE Power is situated to meet the growing global demand of the energy storage market. KORE Power is building the first large-scale battery cell manufacturing facility in the U.S. owned by an American company. Once it’s operational, the 1-million-square-foot facility will have 12 gigawatt-hours of scalable manufacturing capacity. Learn more.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Covering breaking news in clean tech, going deep on global energy policy, and debating the levers that need to move to accelerate the energy transition. Energy Gang is the podcast covering clean energy technology, renewable energy, and the environment. The world of clean energy moves fast, and you need a reliable source to stay on top of the news that matters. You’ll find it on Wood Mackenzie’s Energy Gang.How will changes to the US government affect decarbonisation and energy security? When will hydrogen, nuclear and carbon capture deploy at scale? Where’s the money for the energy transition green finance coming from and how much more is needed? What’s the outlook for EVs? What are the energy predictions for solar energy? What's the latest on climate change?Get answers to questions like these, bi-weekly on Tuesdays at 7am ET. Plus, get special live episodes recorded at the biggest climate and energy events throughout the year, like COP30 and Climate Week NYC. Don’t worry if you can’t make it in person, Energy Gang brings you all the updates on energy policy, energy finance and energy innovation you need to hear.Energy Gang is presented by Wood Mackenzie and hosted by Ed Crooks, Vice-Chairman of Energy at Wood Mackenzie and a former Financial Times and BBC News journalist. Regular guests are Amy Myers-Jaffe (Director of NYU’s Energy, Climate Justice and Sustainability Lab), and Dr Melissa Lott (Partner at Microsoft) – plus a roster of industry leaders and policy influencers, like Jigar Shah (Industry figurehead and former director of the Loan Programs Office in the US Department of Energy), Caroline Golin (Head of North America, Global Energy Market Development and Policy at Google) and Ambassador Geoffrey Pyatt (Former Assistant Secretary of State for Energy Resources).If you like The Energy Transition Show, Catalyst with Shayle Kann, The Big Switch from Columbia University, Open Circuit with Stephen Lacey or The Green Blueprint, you’ll enjoy Energy Gang.Want to get involved with the show? Reach out to podcasts@woodmac.com to:Bring Energy Gang to your eventBe a guest on the showSponsor an episodeAsk a question to Ed Crooks or one of our guestsCheck out another leading clean tech global podcast by Wood Mackenzie, Interchange Recharged: https://www.woodmac.com/podcasts/the-interchange-recharged/Wood Mackenzie is the leading global data and analytics solutions provider for renewables, energy and natural resources. Learn more about Wood Mackenzie on the official website: https://www.woodmac.com/