NU Online News Service, June 11, 2:40 p.m. EDT
U.K. think tank that urges businesses to rethink their approach to energy.
The report, "Sustainable Energy Security: Strategic Risks and Opportunities for Business," by Lloyd's 360 Risk Insight and U.K. think tank Chatham House found that reliance on fossil fuels is pushing the search for reserves into more difficult and risky territories.
Declining production from easily accessed oil reserves combined with rising demand from developing economies can result in events such as the current Deepwater Horizon Oil Platform spill in the Gulf of Mexico, the report said, adding that the BP spill could push the transition to more cost-efficient clean and renewable energy systems.
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