Energy Saving Trust channels
Top shortcut links
Main navigation starts here
You are here:
Renewable energy use is set to rise significantly over the next decade, most oil and gas executives believe.
A survey conducted for accounting and consulting firm BDO Seidman LLP revealed that nine out of ten chief financial officers of oil and gas exploration and production companies expect renewables to account for an increasing amount of energy.
The survey, which was shown to the Associated Press, also revealed that 20 per cent expected renewables share of the energy market to double over the next five years.
Charles Dewhurst, head of the accountancy firm's energy industry practice, said that the biggest surprise from the survey was that less than half of those surveyed believed the industry should be left to self-regulate.
He added that executives' views were probably influenced by the drop in demand for oil when it reached a record high of $147 a barrel.
Oil has since dropped back down to about $43 per barrel.
Sign up for regular email updates to help you save money and energy
Average rating - 4 Good
For regular email updates please submit your email address below.
Call 0800 512 012 for free, independent and local energy saving advice
Click here to request a call back from your local advice centre.
Latest News