A shift of emphasis to electric cars will raise supply challenges for both components suppliers and talent managers. Last orders’ has been called for the internal combustion engine. Just a day after Volvo announced plans to include an electric motor element in all its cars, the new French government said it will legislate to phase
OPEC quintupled forecast for battery powered cars in last year Oil majors and automakers diverge on outlook for EVs The world’s biggest oil producers are starting to take electric vehicles seriously as a long-term threat. OPEC quintupled its forecast for sales of plug-in EVs, and oil producers from Exxon Mobil Corp. to BP Plc also
Big Oil is perhaps the most feared and respected industry in history. Oil is warming the planet — cars and trucks contribute about 15% of global fossil fuels emissions — yet this fact barely dents its use. Oil fuels the most politically volatile regions in the world, yet we’ve decided to send military aid to unstable and untrustworthy dictators,
The end of the Oil Age is within sight. Everyone who follows the news should be able to see this by now, although people have vastly different ideas about the timeline. Consultancies, investment analysts and think tanks around the world produce a constant stream of predictions about the future impact of new technologies on the
Scotland’s geographical share of North Sea oil revenues was negative for the first calendar year on record in 2016, Scottish Government figures show. The latest quarterly national accounts reveal the amount received in tax receipts fell to minus £338 million over the 12-month period. When a geographical share of UK offshore and overseas economic activity
A new study from author and Stanford University lecturer Tony Seba has raised eyebrows in the Canadian oil patch. He forecasts that by 2030, electric vehicles will account for 95% of the miles traveled in the U.S., which is the sole market for Canadian oil exports. As if that prediction isn’t remarkable enough, Seba said
Many carmakers, and not just Tesla, have been developing electric vehicles, betting on the expected continuous rise of battery-powered cars in the future. Now it’s not only carmakers that predict that EVs will make up a substantial part of new vehicle sales in a decade or two—oil majors are admitting it too. France’s Total SA
Big Oil’s lies about the existential risk posed by its product are now catching up with the industry and threatening profits. For the first time, one of the major publicly owned fossil fuel companies admitted publicly to investors that climate change lawsuits poses a risk to risk to its profits. You’re probably thinking that seems
Every trainee journalist is taught about a model of behaviour exhibited by the general public called ‘moral panics’. In a moral panic the media pumps out stories like it has bad guts after a curry and people get enraged over the issue. Currently there’s a swirl of stories going out on pollution killing us and
It’s a world of worry for oil companies
Volvo Cars CEO Hakan Samuelsson announced last week that all Volvo cars will be electric or hybrid within two years. The Chinese-owned automotive group plans to phase out the conventional car engine. India hopes to sell only electric vehicles by 2030. China is offering incentives to buy electric cars and investing heavily in renewable technologies.
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