Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Record number of (UK) oil and gas firms go bust as renewable energy revolution begins to bite
http://www.independent.co.uk/environment/oil-gas-firms-industry-bust-renewable-energy-revolution-biofuel-solar-panel-wind-power-opec-saudi-a7507016.html[font face=Serif][font size=5]Record number of oil and gas firms go bust as renewable energy revolution begins to bite[/font]
[font size=4]The world’s largest private power production company warns the sector that renewables could drive the oil price as low as $10 a barrel[/font]
Ian Johnston Environment Correspondent
[font size=3]A record number of oil and gas companies became insolvent last year, according to a new study which environmentalists said highlighted the need for the UK to prepare for the move to a low-carbon economy.
They warned that the loss of jobs in the sector when it becomes clear that fossil fuels can no longer be burned because of the effect on global warming would lead to “desolate communities” unless people were retrained to work in the “new industries of the 21st century”.
The study by accountancy firm Moore Stephens found 16 oil and gas companies went insolvent last year, compared to none at all in 2012.
…
And Mr Lepercq added: “The promise of quasi-infinite and free energy is here.”
…[/font][/font]
[font size=4]The world’s largest private power production company warns the sector that renewables could drive the oil price as low as $10 a barrel[/font]
Ian Johnston Environment Correspondent
[font size=3]A record number of oil and gas companies became insolvent last year, according to a new study which environmentalists said highlighted the need for the UK to prepare for the move to a low-carbon economy.
They warned that the loss of jobs in the sector when it becomes clear that fossil fuels can no longer be burned because of the effect on global warming would lead to “desolate communities” unless people were retrained to work in the “new industries of the 21st century”.
The study by accountancy firm Moore Stephens found 16 oil and gas companies went insolvent last year, compared to none at all in 2012.
…
And Mr Lepercq added: “The promise of quasi-infinite and free energy is here.”
…[/font][/font]
