17 July 2018
Another week and yet more headlines around the energy transition and impacts on incumbents. The Financial Times reports that energy analysts Wood MacKenzie are now forecasting Peak Oil demand by 2036, earlier than the date many oil majors use in their scenario planning. Wood MacKenzie cite the update of automated electric vehicles as the main driver of this assessment, echoing Tony Seba’s 2017 paper, ‘Re-thinking transportation 2020 – 2030’.
A stronger view is presented by the Institute for Energy Economics and Financial Analysis who present the ‘Financial Case for Fossil Fuel Divestment’, in which they argue that the sector is not well positioned for the energy transition and carries a high level of risk.