But oil giant expects demand for crude to grow and not peak until late 2030sBans around the world on single use plastic items such as carrier bags will dent growth in oil demand over the next two decades, according to BP. The Guardian revealed that supermarkets create more than half of the plastic waste in the household stream in the UK. Dale predicted such measures around the world could mean 2m barrels per day lower oil demand growth by 2040. Even with such a strong measure, the modelled effect would be limited on oil demand and emissions. BP also believes if there were more electric cars than expected, there would be fewer efficient combustion engine cars as a result.

Source: The Guardian February 20, 2018 14:26 UTC