The second is for volatility of fossil fuel prices, which is going to increase, not decrease as peak oil demand arrives between 2025 and 2028/2029 . High-cost suppliers such as Alberta’s oil sand producers will suddenly find markets drying up and the price discount due to low-quality, far-from-water crude sharply increasing.
One she reached out to me about was the DAC firm Global Thermostat, founded by Kyoto carbon market architect Graciela Chichilniski and Peter Eisenberger out of the Columbia Climate School. They had an off-the-shelf DAC solution that was targeted at places with waste industrial heat to power the energy intensive recovery of CO2 from Corning sorbents that was also a consumer of CO2. It hasn’t gone anywhere, but at the time there was an interesting intersectional opportunity.
But I couldn’t get CNR interested. They weren’t a commodity manufacturing and sales company, they were an efficient bulk goods distribution company. They acquired commodities such as diesel, they didn’t manufacture or market them. It was a market that was arguably adjacent, but outside of their business model.