Whitney George on the transition to green energy

Low-cost natural gas development is likely the best pathway to transitioning to the green energy sources of the future. It is not likely that any other industry is investing in green energy faster than the major oil companies. And finally, most are unaware of how environmentally impactful the current favored clean technologies are. Mining for lithium and cobalt for making electric vehicle batteries is not clean by anyone’s standards, even at today’s modest production rates. Solar panels need silver. In short, beneath the populist dreams there are many practical constraints that most will find surprising.

~ Whitney George, Sprott Focus Trust 2019 Annual Review and Report to Stockholders, February 15, 2020