NewEnergyNews: What Big Oil Is Doing About EVs

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  • FRIDAY WORLD HEADLINE-The World Takes Climate Change To Court
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    Thursday, March 08, 2018

    What Big Oil Is Doing About EVs

    What the World's Oil Giants Said About Electric Cars at CERAWeek

    Tina Davis and Javier Blas (with Laura Blewitt, Kevin Crowley, and David Wethe), March 6, 2018 (Bloomberg News)

    “…[Some fossil-fuel executives say electric cars are coming, in a big way. Others aren’t so sure…[BP CEO] Bob Dudley sees ‘tremendous’ opportunities…[but says they are not a] silver bullet…Crude and natural gas will remain a part of the global energy mix for decades, and the pace at which oil demand declines after peaking will be very slow, he said…[Saudi Aramco said cutting carbon emissions is complicated and] electric cars still depend on power, and in markets like China and India, emissions-intensive coal supplies as much as half of that power…[Total CEO Patrick Pouyanne disclosed that he owns and has driven] an electric car…[and has concluded cities will have] ‘plenty’ of electric cars in 10 to 15 years…[but they will] not drive a lot of kilometers a year…[But banking giant Credit Suisse oil and gas expert Tim Perry says investors foresee major EV growth]…” click here for more

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