How Much Has Bill Gates’ Climate Reversal Cost Global Markets? - ENB Weekly Recap

In this episode of the Energy Newsbeat Daily Standup - Weekly Recap, Stuart Turley and Michael Tanner unpack Bill Gates’ shocking statement that climate change is not humanity’s biggest existential threat — and explore the billions in global market impact tied to his reversal. The episode dives into the ripple effects across energy policy, ESG investing, and carbon capture economics, while connecting it to Illinois’ new 3-GW battery bill, Ørsted’s $262 M Q3 loss, Germany’s collapsing wind output, and the fading credibility of COP30. With humor and hard data, the hosts reveal how “energy addition” — not “transition” — is defining the new era of global energy security. Subscribe to Our Substack For Daily Insights Want to Add Oil & Gas To Your Portfolio? Fill Out Our Oil & Gas Portfolio Survey Need Power For Your Data Center, Hospital, or Business? Follow Stuart On LinkedIn: https://www.linkedin.com/in/stuturley/ and Twitter: https://twitter.com/STUARTTURLEY16 Follow Michael On LinkedIn: https://www.linkedin.com/in/michaelta... and Twitter: https://twitter.com/mtanner_1 Timestamps: 00:00 - Intro 00:20 - Now that Bill Gates has said that Climate Change is not our biggest existential threat to Humanity, how much money has he cost the global markets? 04:35 - Illinois Gov Pritzker to Approve Bill Calling for 3 GW of Battery Storage by 2030 – But How Much Will They Lower Electricity Prices Remains to Be Seen 10:49 - Wind Not Blowing in Germany as Wind Output Hits Yearly Low After Record October 14:07 - Ørsted Racks Up A Massive $262 Million Q3 Loss Facing Head Winds as Offshore Challenges Roll In – How will Investors React? 17:23 - What Can COP30 Accomplish in the Wake of Bill Gates’ Admission That Climate Change Is Not an Existential Threat? 20:08 - Outro Links to articles discussed: Now that Bill Gates has said that Climate Change is not our biggest existential threat to Humanity, how much money has he cost the global markets? Illinois Gov Pritzker to Approve Bill Calling for 3 GW of Battery Storage by 2030 – But How Much Will They Lower Electricity Prices Remains to Be Seen Wind Not Blowing in Germany as Wind Output Hits Yearly Low After Record October Ørsted Racks Up A Massive $262 Million Q3 Loss Facing Head Winds as Offshore Challenges Roll In – How will Investors React? What Can COP30 Accomplish in the Wake of Bill Gates’ Admission That Climate Change Is Not an Existential Threat?