In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley's daily energy news update covers Amazon's claim of 100% renewable energy usage, highlighting the discrepancy between purchased renewable credits and actual usage. He emphasizes OPEC's view on the indispensability of oil for global electrification and critiques Austin's halt on shifting to an all-electric bus fleet due to logistical issues. Turley discusses Janet Yellen's assertion that $3 trillion annually is needed for climate transition and criticizes Taiwan's decision to shut down a nuclear plant amid geopolitical tensions with China. He concludes by noting weak Chinese demand affecting Middle Eastern oil prices and the challenges OPEC faces with accurate supply monitoring.

Highlights of the Podcast

00:00 - Intro

01:25 - Amazon claims to power all its operations with renewable energy. If only that were true.

03:56 - OPEC: Oil Is Indispensable for Global Electrification

05:17 - CapMetro stops shift to all-electric bus fleet

06:54 - Yellen says $3 trillion is needed each year to fund climate transition

10:10 - Taiwan Shuts Second-to-Last Nuclear Plant in Controversial Shift 

11:41 - Weak Demand in China Weighs on Middle East Oil Price Outlook

13:27 - Outro

Please see the links below or articles that we discuss in the podcast.

Amazon claims to power all its operations with renewable energy. If only that were true.

OPEC: Oil Is Indispensable for Global Electrification

CapMetro stops shift to all-electric bus fleet

Yellen says $3 trillion is needed each year to fund climate transition

Taiwan Shuts Second-to-Last Nuclear Plant in Controversial Shift

Weak Demand in China Weighs on Middle East Oil Price Outlook

Follow Stuart On LinkedIn and Twitter

Follow Michael On LinkedIn and Twitter

ENB Top News

Energy Dashboard

ENB Podcast

ENB Substack

ENB Trading Desk

Oil & Gas Investing In 2024

– Get in Contact With The Show –