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Moody's: Climate policy could hit oil industry hard

Political requirements for carbon reductions could decrease the number of new oil and gas fields, projects ratings bureau Moody's in a new analysis.

Photo: /ritzaui/AP/Hasan Jamal

If governments around the world step up in the battle to fight carbon emissions, this could reduce the number of new oil and gas fields, particularly in Arctic regions and deep sea areas, writes Moody's in a new analysis.

The credit ratings bureau has investigated which economic consequences climate policy could have on the oil and gas industry.

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