The oil and gas sector has been put on notice by global bank BNP Paribas, which has warned them in a new report that the “irresistible” economics of combining renewables with EVs is “the death toll for petrol”.
BNP Paribas’ new report, dubbed ‘Wells, wires and wheels’, introduces the concept of energy return on capital invested (EROCI) and examines the link between mobility, energy and capital outlays. Read more here.
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