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EV sales growth points to oil demand peaking by 2030 − so why is the oil industry doubling down on production?

Tesla brought EVs into the mainstream. Patrick Pleul/picture alliance via Getty ImagesElectric vehicle sales are growing faster than expected around the world, and sales of gas- and diesel-powered vehicles have been falling. Yet, the U.S. government still forecasts an increasing demand for oil, and the oil industry is doubling down on production plans. Why is that, and what happens if the U.S. projections for growing oil demand are wrong? I study sustainability and global energy system transform
United States France General Fatih Birol Robert Brecha University Of Dayton United Nations
Source: yahoo.com

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Global Energy Crisis Looms Over UN Climate Summit – While Some Countries Race to Renewables, Others Plan More Natural Gas Production, But It Comes With Risks

The war in Ukraine casts a shadow over this year’s United Nations climate summit where officials from around the world are discussing the costs of climate change and how to cut emissions that remain near record highs.
France General Saudi Arabia Sharm El Sheikh Janub Sina January Makamba Robert Brecha

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