Energy Sector Continues to be Roiled by Coronavirus and Price War
The news about the energy sector is mixed. The good news is that Exxon is slashing spending by 30% ($10 b) as the President waffles on tariffs on foreign imports, while The New York Times reports solar and wind projects in operation are increasing sales as a result of utilities cutting costs because renewables are cheaper than coal.
Why This Matters: This is the moment to pivot to clean energy.
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