Schlumberger Enters Lithium Space

[Marina Schwarz + 1,576]

Schlumberger signs lithium deal as US accepts battery 'arms race'

If anyone needed any reminders how crucially important batteries have become.

[Tom Kirkman + 8,860]

Remember, lithium is "environmentally friendly".

 

[ceo_energemsier + 1,818]

11 hours ago, Tom Kirkman said:

Remember, lithium is "environmentally friendly".

 

Which environment?

[DanilKa + 443]

Interesting... very small investment but still, happens as company divesting most of its HC production projects. 

Wondering if that’s just a virtue signalling

https://www.marketwatch.com/press-release/pure-energy-enters-into-agreements-to-advance-the-clayton-valley-lithium-project-2019-05-01/

[BenFranklin'sSpectacles + 762]

On 5/7/2019 at 2:59 AM, Tom Kirkman said:

Remember, lithium is "environmentally friendly".

I generally roll my eyes at environmentalists, but I think there's room to be fair here:

1)  Once you mine the lithium, it can be recycled with high efficiency.  That means you need far less of it than petroleum fuels, which are once-through-only. 
2)  Mining is more environmentally friendly than war.

I don't think the true purpose of environmentalism is the environment though.  The hysteria about climate change seems to be having two effects:
1)  It's weaning developed nations off oil imports.
2)  It's convincing the general population to pay a lot more for energy.
3)  It's moving the world towards more capital intensive products. 

If I had to guess, I'd say Western elites and their lawyers realized they could enrich themselves while improving their strategic position in the world.  Once that's accomplished, I suspect climate change research will quietly disappear.