Thursday, 2 April 2020

Will the coronavirus kill the oil industry and help save the climate?

Will the coronavirus kill the oil industry and help save the climate?

The plunging demand for oil wrought by the coronavirus pandemic combined with a savage price war has left the fossil fuel industry broken and in survival mode, according to analysts. It faces the gravest challenge in its 100-year history, they say, one that will permanently alter the industry. With some calling the scene a “hellscape”, the least lurid description is “unprecedented”.
Read more: https://www.theguardian.com/environment/2020/apr/01/the-fossil-fuel-industry-is-broken-will-a-cleaner-climate-be-the-result?CMP=Share_AndroidApp_WhatsApp?source=Snapzu

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