THE recent oil price crash is "changing everything" for fossil fuel companies and will likely accelerate the sector's energy transition, according to one of Europe's leading energy research experts. "I think [oil and gas companies] see the need to diversify and that their business model - which has been extremely stable for the past 50 years or so - is now quite vulnerable. And this is changing everything," says Nils Rokke, chairman of the European Energy Research Alliance (EERA), an association of more than 250 research centres and universities totalling about 50,000 researchers across 30 European countries. "I think diversification is something of a survival strategy - that you need to have more legs to stand on than just the oil and gas business... and those that act first will have a better chance [of succeeding)."
展开▼
