The End Of Oil? Battle Lines Drawn As Industry Grapples With Energy’s Future – By Camila Domonoske (NPR) / Oct 15 2020
Oil is facing an existential crisis.
There has never been so much uncertainty about the future of a commodity that keeps the global economic engine running.
And it’s not just environmental activists calling for the end of oil: New reports out this week show the battle lines are shaping up within the industry.
On one side of the argument are those who call for a swift transition away from oil and for charting a path to a zero-emissions future within a few decades.
The influential International Energy Agency global advisory group called for urgent and unprecedented action from governments worldwide to aggressively shift away from oil and gas, keeping the most devastating effects of climate change at bay.
“Let’s face it: This is a choice,” said IEA Executive Director Fatih Birol during a news briefing on Tuesday. “A choice for citizens, investors, companies — but most of all for our governments around the world.”
Continue to article> https://www.npr.org/2020/10/15/923592572/the-end-of-oil-battle-lines-drawn-as-industry-grapples-with-energys-future
