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Publications

Oil Use Must Drop To Meet Climate Goals

By: Oil Change International, Corporate Ethics International | Lorne Stockman, Kenny Bruno

Published: December 2010

The 2010 World Energy Outlook, published on November 9, shows that in order to meet climate goals global oil demand must peak by 2018. This goal will not be easy to achieve but may still be within reach. The IEA’s forecasts for oil demand have consistently declined for several years and demand growth appears to be slowing without a concerted effort from most countries. The implication for expensive, high risk and high carbon fuels such as Canadian tar sands is that over the long haul, in a world that is responding to climate change, neither price nor demand will support the rapid growth that is currently planned for by industry and the Canadian government.

Tagged with: climate change, corporate ethics international, oil demand, oil change international, iea