Dr Jeremy Leggett, an award-winning scientist and former energy industry adviser, has predicted that the oil price crash coupled with growing concerns about global warming will encourage at least one major oil company to turn its back on fossil fuels in the near future. Leggett said: ‘One of the oil companies will break ranks and this time it is going to stick. The industry is facing plunging commodity prices and soaring costs at risky projects in the Arctic, deep-water Brazil and elsewhere. Oil companies are also realising it is no long morally defensible to ignore the consequences of climate change.’
Posted on: Mon, 12 Jan 2015 06:43:40 +0000