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The Case for New Green Energy Units

Texas Is Too Windy And Sunny For Old Energy Companies To Make Money
Photographer: Eddie Seal/Bloomberg

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For nearly seven decades, oil major BP has published an annual statistical review of world energy. It includes a wealth of data on what energy the world produces, along with how and where society consumes that energy. The long history of the dataset highlights key inflection points, like the growth of renewable energy. Yet the 2020 review is notable not for the growth of a new type of power but for a seemingly small change in the way energy flows are expressed—one that better reflects the way energy is produced and consumed.