Can There Be a Green, Just Economic Recovery?
WELL BEFORE THE PANdemic, energy analysts predicted that within 5 to 20 years, the world would hit peak oil—the point at which demand for fossil fuels maxes out and begins to permanently decline. Now some, including the chief executive of BP, say the coronavirus crisis may have delivered that moment already.
To justify expensive extraction projects, “oil and gas counts on scarcity and on a price tag of $100 a barrel indefinitely,” says Clark Williams-Derry, an analyst with
