Energy giant BP predicts oil and gas will become a dramatically smaller part of the global energy mix by 2050, while zero-carbon alternatives like wind and solar energy use will continue to increase. BP says the share of fossil fuels as a primary energy source will fall from 80% in 2019 to between 55- and 20% by 2050, while renewables’ share will grow from 10% to between 35- and 65% over the same time period. The change will be driven by sustainability, security and affordability.
Your local Bed Bath & Beyond store may soon turn into a Dick’s Sporting Goods, Sephora or Trader Joe’s. As Bed Bath slides toward a potential bankruptcy, landlords are lining up tenants that might fill the chain’s empty stores. Other retailers expected to move in include T.J. Maxx, Ross Stores and HomeGoods.
Futures are higher after stocks closed broadly lower yesterday. The Dow Industrials dropped 261, the Nasdaq lost 228 and the S&P 500 fell 52.
