Rosneft, in which British oil major BP owns a 19.75% stake, said its net income fell […] Part of the fun of blogging on a weekly basis is simply seeing what resonates with people and why. Rosneft, in … So, in many respects, we might rationally expect that in 2021, to quote Horace, “Many shall come to honor that now are fallen, and many shall fall that are now in honor.”. The dip in U.S. clean-energy spending last year came after investments hit a record high in 2019 as wind-farm developers pushed to take advantage of tax credits before they expired. Either way, I wish you a healthy and prosperous new year. jessefelder December 30, 2020. FELDER INVESTMENT RESEARCH, LLC Suncor Energy to release fourth quarter 2020 financial results Wednesday, January 27, 2021, 3:15 PM MST CALGARY, Alberta, Jan. 27, 2021 (GLOBE NEWSWIRE) -- Suncor will release its fourth quarter financial results on February 3, 2021 before 8:00 p.m. MT (10:00 p.m. Bend, Oregon 97702, © 2017 FELDER INVESTMENT RESEARCH, LLC, A PERITIVE Powered Design, It’s Time to Get Greedy In The Energy Sector, Jay Powell Is Playing Chicken With The Dollar, Ructions Caused By The Rise In Rates Are Only Getting Started, James Davolos On Protecting Yourself Against A Paradigm Shift In Inflation, ‘If You Don’t Own Gold, You Know Neither History Nor Economics’. Canada's main stock index hit a record high on Friday as energy stocks gained on higher oil prices and Canada Goose Holdings surged after better-than-expected quarterly results. PO Box 790 Finally, This Is The Textbook Definition Of ‘Late Cycle’ In The Stock Market also seemed to resonate with readers. The world spent a record $501.3 billion in 2020 on renewable power, electric vehicles and other technologies to cut the global energy system’s dependence on fossil fuels. Equity valuations are at record highs, sentiment is about as frothy as it ever gets and long-term momentum is waning. ... Energy stocks are already up more than 25% since this was published but, if I’m right, this is only just the very beginning for what may be the most hated sector of all time. For ESG data collected by Bloomberg Intelligence, click here. While it wasn’t a record year for spending on clean electricity, falling costs allowed developers to install more renewables than ever before, adding 132 gigawatts of solar and 73 gigawatts of wind. Global investment in carbon capture and storage tripled to almost $3 billion in 2020, according to the report. US oil prices rise as winter weather hits Texas. “Policy ambition is clearly rising as more countries and businesses commit to net-zero targets.”. Dominion Energy Announces Fourth-Quarter and Full-Year 2020 Earnings - Fourth-quarter 2020 GAAP net income of $0.82 per share; operating earnings of $0.81 per share - Full-year 2020 … In many ways, it’s really the opposite of a “generational opportunity” (but don’t try telling that to all the new raging bulls out there). MADISON, Wis., Feb. 05, 2021 (GLOBE NEWSWIRE) -- Alliant Energy Corporation (NASDAQ: LNT) has scheduled its year-end 2020 earnings release for Thursday, February 18th, after market close. Friends I haven’t spoken to for months have reached out over the holidays to ask if they should “get in.”. Much of 2020’s growth was due to the Norwegian government green-lighting a new project that will store carbon emissions under the North Sea. Britain’s smart meter network hits ... “This milestone shows that the whole sector has progressed hugely over the last year in digitising Britain’s energy system. The record investment comes as pressure mounts to cut greenhouse-gas emissions and avoid the most dire effects of climate change. MOSCOW (Reuters) - Russian energy giant Rosneft on Friday reported an almost 80% fall in 2020 net income as the pandemic hit demand for fuel. Global spending on the energy transition is driven by renewables and transport. But it fell 20% in the U.S. and 12% in China. Stocks of natural gas companies have been gaining in tandem with strong heating demand amid a deep temperature freeze in the United … Pfizer-BioNTech Shot Could Help End Pandemic, Israel Study Shows, Cathie Wood Funds Whipsawed Amid Record Outflows, Rate Spike, Kushner’s Times Square Center Moves Toward Foreclosure, Goldman CEO Warns Remote Work Is Aberration, Not the New Normal, Fed Outage Raises Questions on Wall Street as Services Restored. Outside of the world of finance, however, things were obviously very different. Growth was uneven, with a rise in Europe, drop in the U.S. 2020’s Greatest Hits. Have a confidential tip for our reporters? One of the biggest drivers of new energy transition spending this year was from clean transportation. Now that we’ve reached the end of 2020, I thought it might be a good time to take a look back at what got people most fired up this year. The oil giant, like its rivals, has been hit hard by a fall in demand and has cut thousands of jobs as part of cost cutting. However, natural gas demand fared much better compared to oil. This Is The Textbook Definition Of ‘Late Cycle’ In The Stock Market, Through the lens of the markets, 2020 was a banner year, if unusually volatile. Europe led the way, with $64.7 billion spent on electric transport, overtaking Asia for the first time. Low-carbon investments in 2020 increased 9%, BNEF finds. The world spent a record $501.3 billion in 2020 on renewable power, electric vehicles and other technologies to cut the global energy system’s dependence on fossil fuels. The British currency has risen more than 2% against the euro in February as the aggressive rollout of the COVID-19 vaccination programme in the United Kingdom raised expectations its economy will recover faster than that of its European peers. Spending on renewables rose 2% globally, boosted by the biggest-ever expansion of solar power and a 56% surge for offshore wind projects, to $50 billion, according to the report. By Vladimir Soldatkin MOSCOW (Reuters) – Russian energy giant Rosneft reported an almost 80% fall in 2020 net income on Friday as the COVID-19 pandemic hit demand for fuel, though it avoided the full-year loss forecast by some analysts. A Generational Opportunity In Commodities? It’s Time To Get Greedy In The Energy Sector, Part Deux, Second only in popularity to that post was Please Stop Asking Me About Bitcoin. It’s Time To Get Greedy In The Energy Sector, Part Deux. Before it's here, it's on the Bloomberg Terminal. “The coronavirus pandemic has held back progress on some projects, but overall investment in wind and solar has been robust and electric vehicle sales jumped more than expected,” Jon Moore, chief executive of BNEF, said. This one has generated, by far, the biggest backlash of anything I’ve ever written. But even the massive increase in spending on wind and solar farms, energy storage and EVs won’t be enough to meet the Paris Agreement’s goal to limit global warming to below 2 degrees Celsius. China was just behind with $45.3 billion of investment, the least it’s spent on the sector since 2016, according to the BNEF. Europeans' invested a record amount on electrifying transportation in 2020. And despite writing it a month or so ago, this is still the most popular question I get right now. Explore dynamic updates of the earth’s key data points. “It’s very encouraging that investment is taking place at a high level, but it’s well short of what would be required to put the world on a path of 2 degrees of global warming,” Angus McCrone, chief editor of BNEF, said in an interview. And as shares of electric vehicle maker Tesla soared to make Elon Musk the world’s richest man, competition was on the rise. The growth wasn’t spread evenly across the globe. Nature Bonds May Be the Next Big Thing for Emerging Markets, Texas Probes Sky-High Bills Tied to Electricity-Market Prices, Post Office Purchase of Gasoline Trucks Seems to Defy Biden Order, Biden-Trudeau Climate Plan May Target Polluting Trade Rivals. Eventually, I dialed the commodities trade into what became my most popular blog post of 2020: It’s Time to Get Greedy In The Energy Sector. Bahrain-GCC trade reached $5.7bn in 2020, accounting for 25 per cent of Bahrain’s global bilateral trade for the year ($20.8bn), a new report by the government shows. Overall, adjusted EBITDA slumped 5.5% in 2020, while DCF declined by 8.1%. ... European demand decreased by 4% in 2020, ... renewable energy sources were consumed more than coal for the first time since 1885. A few months later, I turned my attention to the Generational Opportunity In Commodities as they appeared incredibly undervalued relative to other assets of all kinds. The pound rose 0.3% to 86.55 pence against the euro at 1115 GMT, its highest since March 6, 2020. highlighting two indicators making, “a compelling case for allocating a significant portion of your investment portfolio to gold right now.” Hopefully, the popularity of this post is indicative of just how useful it was to readers. The investments in the transition to a low-carbon economy marked a 9% increase over 2019 and came despite disruptions from the Covid-19 pandemic, according to a report out Tuesday from BloombergNEF. Commodities have risen nicely since then but remain deeply undervalued, in my view. Sandridge Energy Inc.(NYSE:SD): Energy stocks have been underperformers since late-2018 due to slowing global growth, which led to extremely volatile prices and sharp production cuts. Earnings dipped during the fourth quarter, pulling down full-year results. Investment in renewable power capacity, which accounted for the the biggest chunk of spending tallied by BNEF, soared 52% in Europe compared to last year. Energy stocks are already up more than 25% since this was published but, if I’m right, this is only just the very beginning for what may be the most hated sector of all time. That technology could play a key role in reducing emissions from heavy polluting industries. EV companies raised about $24.5 billion from equity markets last year, up from just $1.6 billion in 2019. ET). One of the biggest drivers of new energy transition spending this year was from clean transportation. Shell tumbles to $19.9bn loss as pandemic hits energy demand. Back in the spring, after the gold price was hammered along with assets of all kinds, I published Got Gold? Data source: Energy Transfer.