Trillion-dollar oil investments threatened by green transition

If the transition to renewable energy continues to take hold, oil values of up to USD 14,000 billion will be threatened, estimates analyst firm Wood Mackenzie.

Photo: Norges Rederiforbund/Norwegian Shipowners' Association

If the global transition to sustainable fuels accelerates at the expense of fossil energy sources, oil investments of up to NOK 116 trillion (USD 14 trillion) could be threatened, estimates analyst firm Wood Mackenzie.

For some time now, Norwegian authorities have assessed that the need for oil and gas will persist for several decades to come, and the analysts at Wood Mackenzie agree, writes Norwegian business media E24.

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