The financial advisory firm Lazard is out with its latest analysis of costs for competing energy technologies, and it says a lot about where the U.S. and global power sectors are heading.
Driving the news: The annual analysis shows continued cost declines for wind and solar, albeit not as dramatic anymore, as the chart above shows.
ConocoPhillips is buying Concho Resources in a $9.7 billion all-stock deal that provides a stark sign of how the pandemic is prompting new consolidation, they announced Monday.
Why it matters: It's the largest deal yet in the U.S. oil patch since the COVID-19 crisis, which has sharply cut demand and sent prices downward.
The coronavirus pandemic is systematically demolishing the entire concept of efficiency.
Why it matters: Using energy more efficiently accounts for the largest share — nearly 40% — of the reductions in heat-trapping emissions needed to meet the goals of the Paris Climate Agreement.
