Big Oil is finally contemplating the unthinkable, and until recently what was also unimaginable for them. What if every car solar across the globe was an electric vehicle? What would that do to their trillion-dollar business model? Well, they’ve looked at it. They’ve crunched the numbers. But they are not telling. At least that is the sense you get BP’s latest Energy Outlook, now a major annual event that gives an insight into how quickly Big Oil is prepared to concede that the energy transition will occur. Because of who they are, and what’s at stake, you can reliably assume that the predicted transition would never be too quick to scare off their investors. And that holds true in this latest edition. Still, the latest BP Energy Outlook ponders this very question: What if – in 2040 – internal combustion engines were banned across the world and every car […]