Matt Miller of Grey Rock Investment Partners points to polling data to argue that bipartisan political consensus around climate policy is growing.
Prediction Not checkable as stated
Miller: Overcapitalized renewables will likely destroy multiples of shale capital losses
“I see renewables as just a massively overcapitalized space. It will likely torch capital on multiples of what happened to shale.”
Assertion Not checkable as stated
Miller: 100% battery backup for Germany's grid would cost $270T
“And the back of the envelope math says, well, in order for Germany to be a hundred percent renewables plus a hundred percent battery, the battery piece of that equation was 270 trillion dollars.”
Assertion Not checkable as stated
Miller: Coal-to-gas shift delivers 2.5x the environmental benefit of gas-to-renewables
“And when you look at the delta between, if I move from a coal plant to a natural gas plant, and a natural gas plant to a renewables plant, That first step has 2.5 times the environmental impact.”
Prediction Not checkable as stated
Miller: U.S. Shale Will Deplete, Forcing Reliance on Unstable Oil Regimes
“One is I think oil's off to the races. And I do say this to CIOs with a, Hey, think with your inflation hat on this thing is the input to almost every product and humanity. And the reason why is largely the world has lulled itself into a soft slumber on the ba…”
Prediction Not checkable as stated
Miller: Carbon Will Rival Oil and Gas in Commodity Scope and Scale
“Carbon will be a commodity that rivals oil and gas in scope and scale, and you need to be ready for that.”
Insight
Miller: Point-source CCS yields PE returns only in pure-CO2 industries
“Really where you want to focus in carbon capture are in industries that emit pure CO₂ as an industrial byproduct. Industrial accident is a better way to think about it. So those are really ethanol plants, ammonia, so fertilizer, and then natural gas processing…”