“Big oil” companies are haemorrhaging at the wells, laying off staff, and countries are now less inclined to keep their unnatural levels of subsidies intact. Photo: AFP

How low oil prices can fuel an unexpected revolution in renewables

Doug Woodring says the world must seize the surprise opportunity for investment in clean energy created by the disruptive innovation of fracking and the collapse in crude prices

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“Big oil” companies are haemorrhaging at the wells, laying off staff, and countries are now less inclined to keep their unnatural levels of subsidies intact. Photo: AFP
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