Business
‘Unsustainable path’: BP forecasts falling fossil-fuel demand – The New Daily
Oil and gas giant BP has cast doubt on the future of the global fossil fuel industry as changing customer preferences and policies take hold.
Oil and gas giant BP has cast doubt on the future of the global fossil fuel industry and forecast global oil demand to decline from 2020 onwards.
In its 2020 Energy Outlook report, the company warns that changing government policy and shifting consumer preferences will erode oil and gas share of overall energy generation.
The findings come as the 111-year-old business sets out to reimagine the oil and gas industry and become a net-zero emitter by 2050.
The world is on an unsustainable path a…
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