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CleanTechies
#176 Green Premium & the Price of No Action, Partner w/ Big Oil?, EV Demand, & More w/ Shaun Abrahamson, Part II (Third Sphere)
May 6, 2024
Shaun Abrahamson, a climate capital and finance expert from Third Sphere, returns to discuss pressing issues in the climate landscape. He delves into the complexities of partnering with Big Oil, exploring historical collaborations and current challenges in aligning interests for genuine sustainability efforts. The conversation also addresses the need to re-price climate risk as natural disasters increase, highlighting innovative solutions and the importance of resilience in finance. Listeners gain insights into navigating the transition from fossil fuels while weighing socio-economic impacts.
01:00:58
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Quick takeaways
- A significant drop in oil demand can financially strain oil companies, making them less viable partners for climate tech ventures.
- Collaborations with Big Oil may present challenges for startups due to bureaucratic hurdles and ethical issues related to fossil fuel dependence.
Deep dives
Impact of EV Adoption on Oil Demand
A reduction in oil demand by as little as 10-15% can trigger significant challenges for oil companies, similar to the struggles faced by traditional retailers. In particular, the shift towards electric vehicles (EVs) in major markets like China and the EU could lead to pronounced financial pressure on the oil sector. History shows that substantial disruptions can lead to a 'death spiral' for incumbents when their capital shrinks. Ultimately, if the economics of oil change due to declining demand, oil majors may no longer be viable partners for the climate tech sector.
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