Gas and gas assets are in danger of becoming stranded assets as the methane-based fossil fuel loses its luster with investors and utilities even faster than coal, Bloomberg reports. Renewable energy prices have fallen quickly during the last decade and many gas-fired power plants are now uncompetitive, especially in Europe. “If you find out somebody who is ready to offer a good price for our gas plants in Spain, Jose Ignacio Sanchez Galan, CEO at Iberdrola SA in Spain, told Bloomberg, “then we are ready to sell.” Eliminating gas is a critical step in Europe’s efforts to reach net-zero climate pollution by 2050. Extant, but no longer needed gas power plants present a potential $104 billion (87 billion-euro) stranded-asset risk, according to calculations by Global Energy Monitor. (Bloomberg $)