Energy & Science
Oil Slump May No Longer Be a Curse for Renewable Energy
- Pandemic has hit fuel demand much harder than electricity
- Oil majors are under big pressure to cut spending on projects
This article is for subscribers only.
Low oil prices are usually a curse for green energy, but this time might be different.
The collapse of the crude market has seen prices fall below zero for the first time in history. Yet Royal Dutch Shell Plc this month outlined a bold program to slash carbon emissions and invest in clean energy, while Eni SpA said Friday it’ll consider accelerating its ambitious climate plan.