Last year saw an 8% drop in global energy investments to $1.8 trillion in 2015, down from $2 trillion in 2014, according to IEA’s World Energy Investment 2016 report.
Oil and gas investments were still number one, with $583 billion spent last year, accounting for over 45% of the total. This, however, was a 25% drop since 2014 mainly due to cost reductions triggered by lower oil prices.
IEA
