Energy transition 'represents $14 trillion-worth of uncertainty' for upstream assets: WoodMac

Uncertainty over future oil demand as world looks to meet climate targets could impact upstream asset valuations

Energy transition: Wood Mackenzie says pre-tax future valuations for upstream assets could vary by up to $14 trillion, depending if the world changes habits to meet climate goals
Energy transition: Wood Mackenzie says pre-tax future valuations for upstream assets could vary by up to $14 trillion, depending if the world changes habits to meet climate goalsPhoto: REUTERS/SCANPIX
Published 20 May 2021, 06:32Updated 20 May 2021, 06:32