Wells Fargo Analyst Skeptical About the 'E' Portion of ESG

SUGAR LAND--April 13, 2021--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Roger Read, a senior energy analyst at Wells Fargo Securities, a unit of Well Fargo & Company (NYSE:WFC) (San Francisco, California), told attendees at an Oil & Gas conference last week that the technologies to enable a decarbonized future are "where nuclear energy was in the 1950s--the energy of the future. There was a lot of promise and potential and optimism that had not yet been fully scarred by real-world experience."

Within this article: What the lessons of nuclear and other past energy developments could mean for renewables, especially as many lawmakers push for a dramatic overhaul of the U.S. energy market.