A third of global energy companies will shed jobs due to Covid-19, warns World Energy Council

The coronavirus crisis

The coronavirus crisis will become a “stress test for the global energy system,” resulting in major changes for the energy industry, said Secretary General of the World Energy Council Angela Wilkinson.

As part of the Covid-19: Accelerating a Better Energy Future for All online-conference session on Wednesday, she presented the council’s study of the impact of the pandemic on the global energy sector. Its research encompassed more than 100 countries, and found that four out of five companies surveyed intend to drastically reduce their costs, including their investment and operating expenses.

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