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"Exnovation" is the new trend that industry watchers will have to look out for
Jul 03: "Exnovation" is the new coinage by the global climate change lobby and it is likely to be in greater use in the foreseeable future.
8Essentially what it means is a "creative destruction" of fossil fuel assets through a global consensus
8The lobby is going beyond pricing signals through a carbon tax and is now asking for a time limit to phase out fossil fuel assets, through government-social network initiatives, disinvestments and other means.
8These initiatives can include a phased cut out of conventional vehicles and their replacement by electric cars or policies akin to what the France did recently of banning all future exploration activities.
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