Reducing oil production before we cut oil demand could undermine most of the progress that must be made on climate change.
Why it matters: If companies reduce oil production But consumers do not reduce their consumption. Demand will exceed supply and prices will soar. That's not good for our Pocketbook and risks switching to cleaner power.slotxo
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Powered News: This seems to be the path we're taking. Hiding in the shadow of the rollercoaster caused by the oil price epidemic we are facing right now. It was a deeper and systematic change within the oil industry and its investors.
Wall Street was largely driven by rising politics and activism. Calls on oil companies to invest less in discovering new oil and more clean energy (and pay off debt)