At Least One Major Oil Company Will Turn Its Back on Fossil Fuels, Says Scientist

Jeremy Leggett: 'One of the oil companies will break ranks and this time it is going to stick.'
Photograph: Linda Nylind for the Guardian

submitted by Margery Schab

Jeremy Leggett, former industry adviser, warns over plunging commodity prices and soaring costs of risky energy projects

The oil price crash coupled with growing concerns about global warming will encourage at least one of the major oil companies to turn its back on fossil fuels in the near future, predicts an award-winning scientist and former industry adviser.

Dr Jeremy Leggett, who has had consultations on climate change with senior oil company executives over 25 years, says it will not be a rerun of the BP story when the company launched its “beyond petroleum” strategy and then did a U-turn.

“One of the oil companies will break ranks and this time it is going to stick,” he said.

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