In a statement that delighted campaigners opposed to fossil fuels, the Bank used a conference in Paris to announce that it “will no longer finance upstream oil and gas” after 2019.
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Fossil Fuel - Aug 26, 2018
Peak oil demand is expected to come around 2036 as electric vehicles and autonomous vehicles are expected to play an increasingly important role in the world’s transportation sector, the Financial Times reported on Monday, quoting a long-term energy outlook by Wood Mackenzie. “Autonomous electric vehicles or robo-taxis will really change the face of transport in the coming decades,” Ed Rawle, Wood Mackenzie’s head of crude oil research, told the FT.
Wood Mackenzie: Global Peak Oil Demand Expected In 2036 | OilPrice.com
Energy consultancy Wood Mackenzie expects global peak oil demand to come around 2036 as EVs and autonomous vehicle are expected to dent demand for crude oil products
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