Sami Grover on Treehugger.com notes the forces of the socially conscious market may force the socially greedy on to the right path – or at least using the right engine to get on the path:
Uber’s brand has taken a bashing lately, but there’s no doubt that it is a huge influencer in terms of new car sales. So news from the UK that all UberX rides in London will be electric or hybrid by 2020 is a big deal. By 2025, the company wants London rides to be 100% electric or plug-in hybrid. …
Coming alongside news that every major fuel retailer will be required to offer charging, that London’s black cabs are going plug-in, and that a growing number of companies are building big electric fleets, I’m beginning to think that the UK government’s stated goal of no new gas or diesel cars by 2040 is a decidedly conservative target.That said, rumor has it that China is eyeing a ban on diesel and gas cars too. At what point do oil investors really start jumping ship?
Indeed. Oil has too many uses to go completely out of style, but as demand drops it’ll become less profitable. We’ve discussed selling our oil investments, which are relatively small.
