A pandemic can accelerate change. Take for instance the rapid adoption of video meetings like Zoom. Could COVID-19 also change the trajectory for oil demand?
On this week’s episode, we consider the potential for an oil price spike caused by a lack of new capital investment. What if this occurred, just as electric cars were entering a more mature phase for consumer adoption? Could governments around the world accelerate the trend by choosing to support EVs with stimulus spending?
We also discuss Canadian energy security considering the potential shut down of the Enbridge Mainline Line 5, a critical pipeline for supplying oil to Ontario and Quebec.
See IEA Clean Energy Innovation Report – July 2020, including a link to a database of more than 400 net-zero technologies.
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