The contractor that directs drilling on the Hibernia oil platform will begin laying workers off June 12, in the wake of a decision to suspend drilling for up to 18 months.
Shell cuts its dividend for the first time since the second world war. Oil prices turn negative in the US. Supertankers of unwanted fuel stack up in the Singapore Strait.
Geothermal power requires similar infrastructure and skills as fossil fuel extraction, which means laid-off oil workers could switch to greener work pretty easily.
The plunge in oil prices is threatening the viability of electric vehicles, shifting climate policy, squeezing shale drillers and creating an "undeniable headwind" for President Trump's reelection campaign.
