The great Norwegian paradox: oil expansion and electric revolution
Norway is a leader in electric vehicles, but also in the extraction and sale of fossil fuels. How do the two conflicting stories add up?
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Ketan Joshi has been at the forefront of clean energy for eight years, starting out as a data analyst working in wind energy, and expanding that knowledge base to community engagement, climate science and new energy technology. He writes for The Driven’s parent site, RenewEconomy, and has also written for the Guardian, The Monthly, ABC News and has penned several hundred blog posts digging into climate and energy issues, building a position as a respected and analytical energy commentator in Australia. He’s spoken at the Ethics Centre IQ2 debates on the need for urgent decarbonisation, he’s served as an subject matter expert on national television, and has a wide following on social media around energy and climate.
Oil vs electricity: Which will prevail?
Competition from EVs and electrified transportation will eat into the most profitable portion of the oil business, as part of a trend that will take electricity’s share of global energy consumption past that of oil by 2040, if not sooner.