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They say they want 'green investments' . . . 

By: Zimbler0 in 6TH POPE | Recommend this post (1)
Thu, 11 Apr 24 11:49 PM | 23 view(s)
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Note: This data comes from NPR . . .

>>>
http://www.npr.org/2023/12/11/1217802769/oil-prices-exxon-mobil-green-energy-solar-wind-cop28-climate-talks

20% to 50%
That's the internal rate of return — the money a company will make off the capital it puts into a project — for a company producing U.S. oil and gas right now, according to Dan Pickering, the chief investment officer at Pickering Energy Partners.

5% to 10%
By comparison, that's how much money Pickering says the same company could expect to make if it put money in solar or wind projects at the moment.
>>>

So . .
Investing in conventional oil returns 4 to 5 times what investing in solar or wind projects.

Which suggests that those touting 'green energy' are LYING to me.

Zim.




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