The latest note from Carbon Tracker warns that Peak Oil demand is coming sooner than most people think and could lead to stranded assets and massive losses.
warns that Peak Oil demand is coming sooner than most people think and could lead to stranded assets and massive losses.
indicates that many executives have reversed their opinions on the reduction in demand for fossil fuels and now see a possibility that they will be profitable for a longer term. National policy action to move away from fossil fuels is likely to strengthen post-COP26. Add to that the rapid adoption of EVs, which will decrease the demand for oil. Companies basing investment decisions on short-term demand signals risk significant over-investment.
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