
Earthlings 2.0 Podcast #144: The Quiet Shift Away from Investment in Oil and Gas with Mitchell Beer
In this episode of Earthlings 2.0, we speak with longtime renewable energy journalist Mitchell Beer, founder and publisher of The Energy Mix, about the widening gap between political promises to supercharge fossil fuel production and the financial reality facing oil and gas companies today. We explore why fossil fuel companies, despite political pressure, can’t return to unchecked expansion, how global markets from China to Pakistan are rewriting the demand outlook for oil and gas, and why North America is falling behind countries that have embraced electrification as a strategic advantage. Mitchell also unpacks Canada’s evolving energy politics and whether he sees reason for optimism in a decade defined by climate emergencies and rapid technological change.
We also discussed several stories that his team covered this year, including:
- Oil Companies, Investors Talk Down Trump’s ‘Drill, Baby, Drill’ as Prices Stay Low, Exploration Budgets Shrink
- Where Are the Customers? Why the Idea of a Pipeline to Asia Is Built on a Fantasy
Key Points:
- Investor pressure is reshaping the future of fossil fuels – Even with political support, oil and gas companies cannot revive large-scale drilling because investors are prioritizing clean energy, stability, and long-term value over new fossil expansion.
- Clean energy now attracts roughly twice the investment of fossil fuels – According to the International Energy Agency, global capital is flowing toward renewables, storage, and efficiency technologies, reflecting their falling costs and proven ability to scale.
- Momentum for clean tech is strong, but timing is critical – Mitchell emphasizes that the climate crisis is severe, yet not predetermined. Progress since the Paris Agreement shows what's possible, but the outcome depends on accelerating solutions and resisting disinformation.
- Mitchell Beer, Founder and Publisher of The Energy Mix, LinkedIn
- Luis de Leon, Earthlings 2.0 Guest Host, Sr. Public Relations Account Executive at Technica Communications
🚀 Calling all Earthlings…
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