Taxpayers prop up toxic oil industry
As these new crisis bailouts for fossil fuels show, it’s those who are least deserving who get the most government protection Those of us who predicted, during the first years of this century, an imminent peak in global oil supplies could not have been more wrong. People like the energy consultant Daniel Yergin, with whom
OPEC’s mortal threat from electric cars
The oil cartel is living in a time-warp, seemingly unaware that global energy politics have changed forever OPEC remains defiant. Global reliance on oil and gas will continue unchanged for another quarter century. Fossil fuels will make up 78pc of the world’s energy in 2040, barely less than today. There will be no meaningful advances
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