Singapore

Pandemic prompts ‘Big Restart’. Energy companies to invest more in renewables: Executives

SINGAPORE: The economic trauma caused by the coronavirus pandemic persuaded energy companies to increase investments in renewables, hydrogen and other low-carbon alternatives, but fossil fuels will remain dominant for the foreseeable future, industry executives said. Recovering from the onset of the pandemic, global oil consumption fell by more than 20 percent in the second quarter …

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