HOUSTON: U.S. consumers expect that in the next 10 years they will be able to switch to new forms of energy with a lower impact on the environment once the price has dropped an affordable level, a survey by accountants Ernst & Young LLP showed on Wednesday.
"With potentially cheaper, more accessible energy options around the corner, Americans' willingness to consider new ways of fueling their vehicles or powering their homes — as those options are technologically and financially feasible — points to the potential for massive disruption in the sector," he said.
Ninety-one percent of the executives said they face pressure from shareholders to reduce the impact their companies have on the environment and 76per cent said their businesses had been affected by climate change, according to the survey.
Source: Energy Industry News (energyindustrynews.net)
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