BP's Forecasts Peak Oil Demand
Oil giant BP (NYSE: BP) has released its latest energy outlook. The report outlines three different scenarios, which forecast energy demand through 2050: Rapid, net-zero, and business-as-usual.
Among the major takeaways is that "renewable energy will play an increasingly important role in meeting the world's growing energy needs." Meanwhile, "oil and gas – while remaining needed for decades – will be increasingly challenged as society shifts away from its reliance on fossil fuels."
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Source Fool.com
