Environmental, Social, and Governance (ESG) investing, UN Sustainable Development Goals, “An Inconvenient Truth” and the Green New Deal exemplify a well-intended effort to change the current energy and environmental trajectory into one that does not risk our future. To facilitate real change, Optima seeks to delineate fact from fiction on the environmental energy transition. The company also describes on how new low-cost energy processes can drive real change today.
Excerpted below are sections of “The New Energy Economy”: An Exercise in Magical Thinking written by Mark P. Mills, a Senior Fellow at the Manhattan Institute. His paper exemplifies the scholarly research which debunks the prospect of a seamless and rapid transition to the new energy economy.
“A movement has been growing for decades to replace hydrocarbons, which collectively supply 84% of the world’s energy. It began with the fear that we were running out of oil. That fear has since migrated to the belief that, because of climate change and other environmental concerns, society can no longer tolerate burning oil, natural gas, and coal—all of which have turned out to be abundant.
So far, wind, solar, and batteries—the favored alternatives to hydrocarbons—provide about 2% of the world’s energy and 3% of America’s. Nonetheless, a bold new claim has gained popularity: that we’re on the cusp of a tech-driven energy revolution that not only can, but inevitably will, rapidly replace all hydrocarbons.”
While Mr. Mills’ opinion is not precisely Optima’s, his perspective is realistic since the shift away from fossil fuels will take decades. Further, the politicization of fossil fuels has created extraordinary investment opportunities for those able to delineate sustainable fossil fuel opportunities from the most damaging fossil fuels. Optima seeks to advance solutions and technologies which accelerate a constructive transition from dirty fuels to cleaner fuels by developing and commercializing process technologies that will advance the UN Sustainable Development Goals.