Kenneth Barry

*Rowley Higgs (Partner, HWF) and Munal Mehta (Partner, HWF) co-authored the publication. In most M&A transactions, after the parties have negotiated the basic commercial terms, they then negotiate the warranties and indemnities (W&I). Generally, buyers want the anticipated value of their purchase without any surprises after the deal closes.

I. INTRODUCTION One thing you have to concede about self-described philosopher and energy expert Alex Epstein is that he’s unafraid to buck the consensus. His latest opus, Fossil Fuels[1], subtitled “Why Global Human Flourishing Requires More Oil, Coal, and Natural Gas – Not Less,” questions nearly every premise of the urgent campaign to replace conventional fuels with greener alternatives.[2] And those proclamations of alleged urgency confront the public continually.

When it comes to The Unpopular Truth: About Electricity and the Future of Energy (2022),[1] it’s important to clarify first what it is — and isn’t. This slender volume (123 pages plus 25 pages of appendices) by Dr. Lars Schernikau and Prof. William H. Smith is a blunt, straight-from-the-shoulder explication of the authors’ concerns about over-relying on renewable energy technologies — a trend that, they fret, has been overhyped in political, green-advocacy, and media circles.