Energy Transition

Big Oil faces stranding $500 billion worth of investment if it bets big on current price rebound: Carbon Tracker

Climate finance analyst warns that spike in demand and prices could be short lived, seeing freshly sanctioned megaprojects coming online just as demand starts to fall

Long lead times: a new report by carbon tracker warns against investment in longer cycle offshore oil and gas developments as it forecasts demand and prices to dip from 2026
Long lead times: a new report by carbon tracker warns against investment in longer cycle offshore oil and gas developments as it forecasts demand and prices to dip from 2026Photo: MICHAEL WACHUCIK/EQUINOR
ExxonMobilShellKuwaitNigeriaPetrobras
Published 27 January 2022, 04:59Updated 27 January 2022, 05:03