Global demand for fossil fuels will peak in 2023, says thinktank

Oil and gas firms assets at risk from massive growth in wind and solar, says Carbon Tracker Global demand for fossil fuels will peak in 2023, an influential thinktank has predicted, posing a significant risk to financial markets because trillions of dollars worth of oil, coal and gas assets could…

Continue reading

Electric Buses Are Hurting the Oil Industry

About 279,000 barrels a day of fuel won’t be needed this year China adds a London-sized electric bus fleet every five weeks Source: Bloomberg New Energy Finance For every 1,000 battery-powered buses on the road, about 500 barrels a day of diesel fuel will be displaced from the market, according…

Continue reading