Climate goals could sink oil demand from mid 2020s - LGIM

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Legal and General Investment Management (LGIM), which manages assets worth 1 trillion pounds ($1.3 trillion) worldwide, said oil demand could start to decline from 2025 if countries impose strict policies to curb climate change.

The impact of moves to ensure the global rise in temperature remains below 2 degrees could be such that by the early 2040s oil demand would have dropped by around 40 percent from current levels to below 60 million barrels a day, LGIM said in a repor

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