I think government and business has underestimate the reliance on oil and the fact that a transition is not so easy. in addition, it's easy for wealthy countries to say let's transition when they've already become developed due to the low cost of carbon based energy. However developing countries are being asked to essentially skip that low cost energy and essentially take 2 jumps forward. That is a challenge.
Make no mistake, the world will go clean energy at some point, however the opportunity here is that the expectation of when that can happen - there's at least one or two more cycles of oil peaks coming IMO, and ATS is in the box seat to take advantage of that.
ATS Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
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