The “deep pockets” of the oil and gas (O&G) industry could be crucial in accelerating the deployment of renewables, the IEA has said in a new report.
The oil and gas sector has been put on notice by global bank BNP Paribas, which has warned them in a new report that the “irresistible” economics of combining renewables with EVs is “the death toll for petrol”.
Utilities, automakers and big oil companies will drive the deployment of electric vehicle charging infrastructure, according to a new report by EY, which warns that despite market uncertainty, investment needs to be made or “it’s highly likely they’ll be late to the party”.
Falling costs of solar PV and electric vehicles (EVs) could curtail new demand for coal and oil as early as 2020, according to a new report by the Grantham Institute at Imperial College London and the Carbon Tracker Initiative.
Major oil and gas companies have confirmed they are to invest US$1 billion over the next decade in an attempt to drastically cut their emissions, but have left renewable power development off the table.