Sustainability, Energy Transition, ESG

Enter The Lawyers – Goodbye European Industry – Hello US Exports
January 26, 2024
Companies Mentioned:
Shell, ExxonMobil, Dow, LyondellBasell, BP, BASF, DuPont, Nova Chemical, Plug Power
Commodities Mentioned:
Carbon, Wind, Solar, Batteries, Waterpower, PET, Polypropylene, HDPE, Hydrogen
Subjects Covered:
Recycling, Renewables, Carbon Capture, Emissions, New Energy, The Hydrogen Economy, ESG Investing, Climate Litigation, Clean Fuels

C-MACC Weekly Sustainability and Energy Transition Report

Enter The Lawyers – Goodbye European Industry – Hello US Exports

  • 1st Topic of the Week: Courts and Inequality – As climate change debates move to the courtroom, a more liberal European court system could penalize industry, while more conservative courts in the US support industry – faster decline in industry in Europe – very bad for EU stability – quite good for US exporters.
  • 2nd Topic of the Week: Manufacturing Incentives – 45X tax incentives are very geared towards wind and solar and we question whether it makes sense to subsidize something as aggressively as “wafers” when it is clearly uneconomic to make them in the US and may never be.
  • Otherwise – We look at mechanical versus chemical recycling, design for recycling, who will pay for DAC, and why, European power price deflation, not enough yet, and why Plug Powers Stock has over-reacted to some good news.

Exhibit 1: Total climate change cases over time, US, and non-US through May 2023

Source: Global trends in climate change litigation: 2023 Snapshot


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