NewsOil & GasProvincial

Electric Vehicles Could Bring a New Drop in Oil Demand

Source: Thomson Reuters, cbc.ca, June 02, 2020

Due to the pandemic, Suncor has curtailed output and cut its dividend by more than half.

The shift to electric vehicles and other low-carbon technologies could disrupt crude oil demand on a similar scale to the coronavirus pandemic, Suncor Energy Inc’s chief executive said on Monday.

The comments are a stark prediction in an industry that frequently downplays the impact of electrification and points to forecasts of rising global oil demand to justify new investment and pipeline expansions.

Read the full story here…

For the latest information and for more updates on everything Kindersley ‘Like’ the Kindersley Social Facebook page below…

For the latest information and for more updates on everything Kindersley, download our app! Get it on Google Play
App Store coming soon!

Google Play and the Google Play logo are trademarks of Google LLC.

Related Articles

Back to top button