BP says all other global energy crises pale in comparison to the year of Covid. These stats show why
- Over the past seven decades, BP said it had borne witness to some of the most dramatic episodes in the history of the global energy system, including the Suez Canal crisis in 1956, the oil embargo of 1973, the Iranian Revolution in 1979 and the Fukushima disaster in 2011.
- "All moments of great turmoil in global energy," Spencer Dale, chief economist at BP, said in the report. "But all pale in comparison to the events of last year."
- BP said the coronavirus crisis last year resulted in primary energy and carbon emissions falling at their fastest rates since World War II.