JPMorgan warns of need for 'reality check' on phasing out fossil fuels

The fossil fuel industry requires massive continued investment. So it's not clear that renewables would be more affected by high interest rates than fossil fuel investment would be.

I have harped on this before. Say you have a million dollars. It's not hard to spend that on solar so that you have a million dollars of productive capacity. If you spend it on a nuclear plant, you have a deposit on a feasibility study. Fossil seems in the middle; it has a bit of a cheat advantage since backend cleanup costs do not seem to be fully funded.

I never knew the term 'overnight cost' until I read the _Construction Physics_ blog, but I will crow that I had thought about the notion. Short turnaround from pennies to production seems to be a killer advantage.

First Headline: "Gulf Stream Slowdown Could Begin as Early as 2025"

Second Headline: "JPMorgan wants ‘reality check’ on phasing out fossil fuels"

So JP, have you had your reality checked yet?

https://archive.ph/MBi5s