In the not-so-distant past, renewable energy and fossil fuel divestment were part of an idealistic, pie in the sky approach to transforming the energy sector which, for all of its positive attributes, simply didn’t make a lot of financial sense. In a world awash with cheap shale and natural gas after the United States’ shale revolution, moving away from fossil fuels seemed like a pipe dream. And then a pandemic hit. The novel coronavirus has completely changed the way that we consume energy around the world, and took a huge bite out of global energy demand. In what some are already referring to as “Black April,” crude oil prices did the unthinkable and plummeted below zero, with the West Texas Intermediate benchmark ending April 20th at nearly $40 in the negative. The shale sector still has not recovered. The COVID-19 pandemic has already transformed the global economy (and especially […]