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Canada's Suncor CEO sees electric vehicles disrupting oil demand as much as coronavirus

Jun 01, 2020 - Nasdaq

B y Jeff Lewis TORONTO, June 1 (Reuters) - The shift to electric vehicles and other low-carbon technologies could disrupt crude oil demand on a similar scale to the coronavirus pandemic, Suncor Energy Inc 's SU.TO chief executive said on Monday. The comments are a stark prediction in an industry that frequently downplays the impact of electrification and points to forecasts of rising global oil demand to justify new investment and pipeline expansions. Canada is the world's fourth-largest oil ...