IEA warns of oil, gas sector over-investment risk under net-zero push
November 24, 2023 Comments Off
Upstream investment by the global oil and gas industry is at risk of overshooting global demand needs in the coming decades unless the sector aligns its spending with global climate goals, the International Energy Agency said Nov. 23. Oil and gas companies currently account for just 1% of clean energy investment globally, with 60% of that from just four companies,…
IEA warns of oil, gas sector over-investment risk under net-zero push
Upstream investment by the global oil and gas industry is at risk of overshooting global demand needs in the coming decades unless the sector aligns its spending with global climate goals, the International Energy Agency said Nov. 23. Oil and gas companies currently account for just 1% of clean energy investment globally, with 60% of that from just four companies,…
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