Thread regarding Cenovus Energy layoffs

Global Oil Demand to peak in 3 years

Global oil demand will peak in three years, plateau until around 2030 and then decline sharply.
Experts believe electric vehicles to reach 50% of global new car sales in 2032; by the middle of the century 73% of the global passenger car fleet will be electric-powered. Demand for natural gas is seen surpassing oil demand in 2026 and plateauing in 2033.

The climate change movement is growing and becoming more and more hostile towards the energy industry.

Cenovus has got to diversify to survive……the companies that are thriving have expanded their value chain…..look for energy companies with high stock values, the socio-economic climate has changed………AND……managing staff through fear/threats does not drive innovation. Change is needed to survive…….please listen to your staff………….

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Post ID: @OP+119XKy9W

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A grand solar minimum would barely make a dent in human-caused global warming.

Post ID: @xfmq+119XKy9W

What about the fact that the earth has already entered a grand solar minimum? The climate will cool, the sun will send less energy our way making solar energy less efficient. All of the so called "experts" above rely on faulty climate models to make their "predictions". Oil and Natural Gas are not going away anytime soon.

Post ID: @9jqh+119XKy9W

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