The Energy Transition of Mobility Shifts Into High Gear

Just over a year ago, the World Health Organization (WHO) officially declared a global pandemic. At the time, there was a great deal of uncertainty about how COVID-19 would impact the energy industry. More than 12 months later, we witnessed a 20% drop in oil demand, a 5% reduction in electricity consumption, and the largest year-over-year reduction in global CO2 emissions. However, through it all, the energy transition continued to move forward at an accelerated rate.