IDEAS home Printed from https://ideas.repec.org/a/taf/cnpexx/v27y2022i1p146-159.html
   My bibliography  Save this article

Fossilised Capital: Price and Profit in the Energy Transition

Author

Listed:
  • Brett Christophers

Abstract

Getting renewable energies to a position of price competitiveness with fossil fuels has long been seen as a key challenge to the counter-carbon energy transition. Less discussed, but more significant to future investment trajectories in the capitalist global economy, is the relative profitability of fossil-fuel and renewable-energy production. Having recently pledged over the next few decades to decrease hydrocarbon production and increase renewable-energy generation, Europe's three oil and gas majors – BP, Shell and Total – now institutionally straddle the two energy worlds and their respective economic dynamics. This article takes stock of the companies’ announcements and of the existing investment and profit landscape to assess the prospects for their own corporate energy transitions and thus for the global energy transition more broadly.

Suggested Citation

  • Brett Christophers, 2022. "Fossilised Capital: Price and Profit in the Energy Transition," New Political Economy, Taylor & Francis Journals, vol. 27(1), pages 146-159, January.
    • Handle: RePEc:taf:cnpexx:v:27:y:2022:i:1:p:146-159
    DOI: 10.1080/13563467.2021.1926957
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13563467.2021.1926957
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13563467.2021.1926957?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ferguson-Cradler, Gregory, 2022. "Corporate strategy in the Anthropocene: German electricity utilities and the nuclear sudden stop," Ecological Economics, Elsevier, vol. 195(C).
    2. Ergen, Timur & Schmitz, Luuk, 2023. "The sunshine problem: Climate change and managed decline in the European Union," MPIfG Discussion Paper 23/6, Max Planck Institute for the Study of Societies.
    3. Faber, Hugo, 2023. "How does falling incumbent profitability affect energy policy discourse? The discursive construction of nuclear phaseouts and insufficient capacity as a threat in Sweden," Energy Policy, Elsevier, vol. 174(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:cnpexx:v:27:y:2022:i:1:p:146-159. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/cnpe20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.