Houston Chronicle covered the decline of the oil market along with challenges, opportunities for renewable energy companies during and after the COVID-19 crisis, quoting AEE's Nat Kreamer. Read excerpts below and the entire Houston Chronicle piece here (sub. req.).
As a sudden drop in demand decimates the oil industry, international efforts are underway to ride the lull in fossil fuel consumption to expedite the clean up of the world’s energy sector. Even as the coronavirus pandemic keeps countries under lock down, world leaders view the sudden shock to the global economy as an opportunity to reduce reliance on the crude flowing from Texas and other regions and combat climate change.