This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion publishes each week based on web readership. New subscribers can sign up here; follow us on Bluesky, TikTok, Instagram, LinkedIn and Threads. For the last few years, climate and energy policymakers have convinced themselves the world was inexorably moving away from fossil fuels. Breaking news: It is not. The consensus was that consumption of oil, natural gas and coal would peak before the end of this decade. There was debate about the speed of the subsequent decline, but the conclusion was the same: The end of the fossil-fuel era was within reach. But that tenet, key to achieving the ambition of net zero by 2050, wasn’t as cast in stone as its backers thought. The annual report being prepared by International Energy Agency, which represents the views of the world’s richest nations, shows the alternative — decades more of robust fossil-fuel use, with oil and gas demand growing over the next 25 years — isn’t just possible but probable.
Read the whole thing. America’s Friends Will Never Trust the US Again — Andreas Kluth The ICE Raid on the Georgia Hyundai Plant Makes No Sense — Mary Ellen Klas Five Lessons From Putin’s Reckless Drones in Poland — Marc Champion The Supreme Court’s ICE Raids Ruling Is Shameful — Noah Feldman Apple’s Plan B for AI Is Actually Pretty Great — Dave Lee Oracle’s Sudden Rally Demands an Investing Rethink — Shuli Ren Red and Blue States’ Fight Is Reaching a Dangerous Level — Ronald Brownstein Bill Ackman Has a Trade for Eric Adams — Matt Levine The US Is Giving Away $35 Billion a Year to Cook the Planet — Mark Gongloff More From Bloomberg Opinion | Want to test your knowledge of the week? Try out Bloomberg News’ Pointed quiz, a first-of-its-kind trivia game that allows you to place bets on your own smarts. |