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Behind the Balance Sheet
E2 Barry Norris explains why offshore wind economics are unsustainable.
Apr 2, 2024
Climate skeptic Barry Norris, founder of Argonaut Capital, discusses why offshore wind economics are unsustainable. He compares wind and solar energy to unreliable workers, advocating for nuclear and fossil fuels. Norris shares insights on shorting Orsted and questions the sustainability of government targets for offshore wind capacity.
57:14
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Quick takeaways
- Offshore wind projects lack economic viability due to reliance on government subsidies.
- Renewable energy sources like wind and solar are deemed unreliable compared to nuclear and fossil fuel generation.
Deep dives
Barry Norris' Views on Offshore Wind and Energy Transition
Barry Norris discusses his skepticism about offshore wind investments and the broader energy transition. He points out the economic unsoundness of offshore wind projects and questions their sustainability without substantial government subsidies. Norris argues that wind and solar energy sources are unreliable workers compared to nuclear and fossil fuel generation, emphasizing the essential role of reliable energy sources in maintaining stable economic productivity.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode