How Does Animal Meat Compare to Plant-Based Meat?
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How Does Animal Meat Compare to Plant-Based Meat?

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10 things investors should know about the plant-based food market Part 1 of 6
Why the 2020s are a watershed decade for plant-based alternatives Part 2 of 6
Plant-based meat vs. animal meat Part 3 of 6
 From bean to burger 4 of 6
Plant-based consumer potential 5 of 6
5 innovations in plant-based technology 6 of 6

The following content is sponsored by The Very Good Food Company

How Does Animal Meat Compare to Plant-Based Meat?

Plant-based alternatives are no longer for vegetarians and vegans alone. In recent years, they’re appealing to many people who are cutting out, or cutting down their personal meat consumption.

Whether you consider yourself one of these people or simply recognize the rise of this trend, this infographic from the Very Good Food Company (VGFC) explores three key reasons why the plant-based market is growing, and how it compares to animal meat.

It is Part 3 in a series that provides investors with everything they need to know about participating in this exciting space.

Plant-Based Meat: A Flexitarian Choice of Younger Generations

In an online survey of consumers, over one-third considered themselves “flexitarian”—eating mostly plant-based diets, with the occasional meat consumption. In fact, among Americans eating less meat, 36% are directly replacing these products with plant-based alternatives.

This is being primarily driven by younger generations, who show significant preferences for plant-based lifestyles:

GenerationAlready regularly eating plant-basedTrying to eat more plant-based
Millennials79%30%
Gen Z79%60%

It’s no wonder then, that the plant-based food market is set to sprout by nearly 5x within the next decade, expected to reach $162 billion by 2030. The top three reasons that consumers are transitioning to plant-based diets are health consciousness, environment concerns, and overall costs. How does animal meat compare to plant-based meat in these key areas?

1. Public Health and Safety

Meat can be a valuable source of protein and nutrients. So why are consumers increasingly turning to plant-based alternatives?

A study from Duke University Medical Center examined the nutritional profile of animal meat against common plant-based alternatives:

Type of proteinGround beef (113g)Soy-based alternative (113g)Bean burger (108g)
Calories220250200
Cholesterol60mg0mg0mg
Sodium70mg370mg380mg
Protein23g19g21g

The research shows that plant-based meat contains comparable protein levels to animal meat. The latter also brings with it higher cholesterol content—so replacing red meat with plant-based alternatives can help reduce the risk of heart disease.

On the flip side, many plant-based alternatives in the market are currently highly processed, but the growing use of natural and organic ingredients are reducing these sodium levels.

2. All Eyes on the Environment

Every stage of the food supply chain sees greenhouse gas emissions (GHGs), but they are most prominent for animal meat compared to the ingredients for plant-based alternatives. Of all human-made GHGs, 14.5% come from livestock, of which cattle account for over half the total due to methane production and grazing land required.

In contrast, the environmental impact of plant-based alternatives is more positive:

  • 30-90% less GHG emissions
  • 47-99% less land
  • 72-99% less water

This heightened environmental awareness is leading more consumers to choose plant-based alternatives.

3. Sticker Shock, But Scale Can Help

One of the biggest barriers to ubiquitous adoption of plant-based alternatives remains cost.

Here is how the price of plant-based meat and animal meat products vary in a retail grocery store such as Whole Foods:

Product typeCost per pound (lb)
Plant-based Beyond Burger$12
Whole Foods 365 vegetable burger$6.40
Ground beef$5
Chicken$3-7
Plant-based meat (2030P)$2.92

Plant-based products come with a much higher price tag than conventional meat, but there’s good news—as demand grows, more plant-based factories are popping up. With scale, some plant-based meat could be competitively priced with animal meat.

The Rise of Plant-based Diets

As more consumers reduce their overall meat intake, they’re replacing these products with high-protein plant-based alternatives. Consumers see these as better for their health and for the planet. Soon, there will be even more options on the table at cheaper price points.

The Very Good Food Company produces great tasting, healthy food options using organic ingredients that cater to all tastes and diets.

Click here to learn more about the Very Good Food Company and how its clean, healthy protein alternatives are feeding this growing global movement.

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The History of U.S. Energy Independence

This infographic traces the history of U.S. energy independence, showing the events that have shaped oil demand and imports over 150 years.

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history of U.S. energy independence

The History of U.S. Energy Independence

Energy independence has long been a part of America’s political history and foreign policy, especially since the 1970s.

Despite long being a leader in energy production, the U.S. has often still relied on oil imports to meet its growing needs. This “energy dependence” left the country and American consumers vulnerable to supply disruptions and oil price shocks.

The above infographic from Surge Battery Metals traces the history of U.S. energy independence, highlighting key events that shaped the country’s import reliance for oil. This is part one of three infographics in the Energy Independence Series.

How the U.S. Became Energy Dependent

Oil was first commercially drilled in the U.S. in 1859, when Colonel Edwin Drake developed an oil well in Titusville, Pennsylvania.

Twenty years later in 1880, the U.S. was responsible for 85% of global crude oil production and refining. But over the next century, the country became increasingly dependent on oil imports.

Here are some key events that affected America’s oil dependence and foreign policy during that time according to the Council on Foreign Relations:

  • 1908: Henry Ford invented the Model T, the world’s first mass-produced and affordable car.
  • 1914-1918: The U.S. began importing small quantities of oil from Mexico to meet the demands of World War I and domestic consumption.
  • 1942: In efforts to save gas and fuel for World War II, the Office of Defense Transportation implemented a national plan limiting driving speeds to 35 miles per hour.
  • 1943: President Roosevelt provided financial support to Saudi Arabia and declared Saudi oil critical to U.S. security.
  • 1950: With 40 million cars on the road, the U.S. became a net importer of oil bringing in around 500,000 barrels per day.
  • 1970: Twentieth century U.S. oil production peaked and President Nixon eased oil import quotas, allowing an additional 100,000 barrels per day in imports.

The U.S. economy’s increasing reliance on oil imports made it vulnerable to supply disruptions. For example, in 1973, in response to the U.S.’ support for Israel, Arab members of the OPEC imposed an embargo on oil exports to Western nations, creating the first “oil shock”. Oil prices nearly quadrupled, and American consumers felt the shock through long lineups at gas stations along with high inflation. Combined with rising unemployment rates and flattening wages, the increase in prices led to a period of stagflation.

Despite the energy crisis, U.S. oil production fell for decades, while the country met its increasing energy needs with oil from abroad.

The Rise and Fall of U.S. Oil Imports

Here’s how U.S. net imports of crude oil and petroleum products has evolved since 1950 in comparison with consumption and production. All figures are in millions of barrels per day (bpd).

YearConsumption (bpd)Production (bpd)Net imports (bpd)
19506.5M5.9M0.5M
19609.8M8.1M1.6M
197014.7M11.7M3.2M
198017.1M10.8M6.4M
199017.0M9.6M7.2M
200019.7M8.7M10.4M
201019.2M9.5M9.4M
202119.8M18.7M-0.2M

Net oil imports quadrupled between 1960 and 1980, marking the two biggest decadal jumps. Given that production was falling while consumption was booming, it’s clear why the U.S. needed to rely on imports.

Imports peaked in 2005, with net imports accounting for a record 60% of domestic consumption. Both imports and consumption fell in the years that followed. In 2009, for the first time since 1970, U.S. oil production increased thanks to the shale boom. It ascended until 2019 to make the U.S. the world’s largest oil producer.

As of 2021, the U.S. was a net exporter of refined petroleum products and hydrocarbon liquids but remained a net importer of crude oil.

The New Era of Energy

Oil and fossil fuels have long played a central role in the global energy mix. The U.S.’ reliance on other countries for oil made it energy-dependent, exposing American gas consumers to geopolitical shocks and volatile oil prices.

Today, the global energy shift away from fossil fuels towards cleaner sources of generation offers a new opportunity to use lessons from the past. By securing the raw materials needed to enable the energy transition, the U.S. can build a clean energy future independent of foreign sources.

In the next part of the Energy Independence Series sponsored by Surge Battery Metals, we will explore the New Era of Energy and the role of electric vehicles and renewables in the ongoing energy transition.

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Ranked: Emissions per Capita of the Top 30 U.S. Investor-Owned Utilities

Roughly 25% of all GHG emissions come from electricity production. See how the top 30 IOUs rank by emissions per capita.

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Emissions per Capita of the Top 30 U.S. Investor-Owned Utilities

Approximately 25% of all U.S. greenhouse gas emissions (GHG) come from electricity generation.

Subsequently, this means investor-owned utilities (IOUs) will have a crucial role to play around carbon reduction initiatives. This is particularly true for the top 30 IOUs, where almost 75% of utility customers get their electricity from.

This infographic from the National Public Utilities Council ranks the largest IOUs by emissions per capita. By accounting for the varying customer bases they serve, we get a more accurate look at their green energy practices. Here’s how they line up.

Per Capita Rankings

The emissions per capita rankings for the top 30 investor-owned utilities have large disparities from one another.

Totals range from a high of 25.8 tons of CO2 per customer annually to a low of 0.5 tons.

UtilityEmissions Per Capita (CO2 tons per year)Total Emissions (M)
TransAlta25.816.3
Vistra22.497.0
OGE Energy21.518.2
AES Corporation19.849.9
Southern Company18.077.8
Evergy14.623.6
Alliant Energy14.414.1
DTE Energy14.229.0
Berkshire Hathaway Energy14.057.2
Entergy13.840.5
WEC Energy13.522.2
Ameren12.831.6
Duke Energy12.096.6
Xcel Energy11.943.3
Dominion Energy11.037.8
Emera11.016.6
PNM Resources10.55.6
PPL Corporation10.428.7
American Electric Power9.250.9
Consumers Energy8.716.1
NRG Energy8.229.8
Florida Power and Light8.041.0
Portland General Electric7.66.9
Fortis Inc.6.112.6
Avangrid5.111.6
PSEG3.99.0
Exelon3.834.0
Consolidated Edison1.66.3
Pacific Gas and Electric0.52.6
Next Era Energy Resources01.1

PNM Resources data is from 2019, all other data is as of 2020

Let’s start by looking at the higher scoring IOUs.

TransAlta

TransAlta emits 25.8 tons of CO2 emissions per customer, the largest of any utility on a per capita basis. Altogether, the company’s 630,000 customers emit 16.3 million metric tons. On a recent earnings call, its management discussed clear intent to phase out coal and grow their renewables mix by doubling their renewables fleet. And so far it appears they’ve been making good on their promise, having shut down the Canadian Highvale coal mine recently.

Vistra

Vistra had the highest total emissions at 97 million tons of CO2 per year and is almost exclusively a coal and gas generator. However, the company announced plans for 60% reductions in CO2 emissions by 2030 and is striving to be carbon neutral by 2050. As the highest total emitter, this transition would make a noticeable impact on total utility emissions if successful.

Currently, based on their 4.3 million customers, Vistra sees per capita emissions of 22.4 tons a year. The utility is a key electricity provider for Texas, ad here’s how their electricity mix compares to that of the state as a whole:

Energy SourceVistraState of Texas
Gas63%52%
Coal29%15%
Nuclear6%9%
Renewables1%24%
Oil1%0%

Despite their ambitious green energy pledges, for now only 1% of Vistra’s electricity comes from renewables compared to 24% for Texas, where wind energy is prospering.

Based on those scores, the average customer from some of the highest emitting utility groups emit about the same as a customer from each of the bottom seven, who clearly have greener energy practices. Let’s take a closer look at emissions for some of the bottom scoring entities.

Utilities With The Greenest Energy Practices

Groups with the lowest carbon emission scores are in many ways leaders on the path towards a greener future.

Exelon

Exelon emits only 3.8 tons of CO2 emissions per capita annually and is one of the top clean power generators across the Americas. In the last decade they’ve reduced their GHG emissions by 18 million metric tons, and have recently teamed up with the state of Illinois through the Clean Energy Jobs Act. Through this, Exelon will receive $700 million in subsidies as it phases out coal and gas plants to meet 2030 and 2045 targets.

Consolidated Edison

Consolidated Edison serves nearly 4 million customers with a large chunk coming from New York state. Altogether, they emit 1.6 tons of CO2 emissions per capita from their electricity generation.

The utility group is making notable strides towards a sustainable future by expanding its renewable projects and testing higher capacity limits. In addition, they are often praised for their financial management and carry the title of dividend aristocrat, having increased their dividend for 47 years and counting. In fact, this is the longest out of any utility company in the S&P 500.

A Sustainable Tomorrow

Altogether, utilities will have a pivotal role to play in decarbonization efforts. This is particularly true for the top 30 U.S. IOUs, who serve millions of Americans.

Ultimately, this means a unique moment for utilities is emerging. As the transition toward cleaner energy continues and various groups push to achieve their goals, all eyes will be on utilities to deliver.

The National Public Utilities Council is the go-to resource to learn how utilities can lead in the path towards decarbonization.

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