Energy Return on Capital Invested – A comparison of oil and renewable power for vehicles.

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In this analysis BNPP looks at the energy return on capital invested across a spectrum of energy options. The findings for the oil industry are particularly stark.

As the report notes in one of its key findings – ” With light and mid-heavy road transportation also susceptible to electrification (9% of global oil demand), and with power generation from wind and solar already much cheaper than from oil (another 5%), this is a tremor portending an earthquake for the oil-and-gas industry: 40% of global oil demand today is accounted for by uses that will not make any economic sense once wind and solar reach sufficient global scale and cost-competitive batteries accelerate the penetration rate of EVs”.

The full report can be read here – BNPP_Wells_Wires_Wheels.

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