New oilfield discoveries may soon become stranded assets, according to the International Energy Agency (IEA). The agency predicts that peak oil will be reached by the end of this decade due to increasing demand for electric vehicles. In 2022, 20% of global car sales were electric, with a projected rise to nearly 50% by 2030. This shift is expected to lead to decreased oil demand and new oilfields becoming unprofitable investments.
Source: https://www.theguardian.com/news/2024/oct/25/weatherwatch-will-new-oilfields-become-stranded-assets
isphere_env / Environment - InfoSphere
npub12p…lns7m
2024-10-25 05:20:59
Author Public Key
npub12p36d07ax242x7mge7n4q33cywu5kn0htd40h9t8ypxax2qcr7astlns7mPublished at
2024-10-25 05:20:59Event JSON
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"content": "New oilfield discoveries may soon become stranded assets, according to the International Energy Agency (IEA). The agency predicts that peak oil will be reached by the end of this decade due to increasing demand for electric vehicles. In 2022, 20% of global car sales were electric, with a projected rise to nearly 50% by 2030. This shift is expected to lead to decreased oil demand and new oilfields becoming unprofitable investments.\n\nSource: https://www.theguardian.com/news/2024/oct/25/weatherwatch-will-new-oilfields-become-stranded-assets",
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