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    Sun, 31st Jan 2021 10:35:00
    Fossil fuel transition: Expect oil price spikes as capital investment declines
    LONDON (Bloomberg) --Nobody loves oil companies. Tesla Inc., the emblem of an emissions-free future, is worth more today than the top five Western supermajors combined. Yet the world’s disdain for its petroleum giants could carry a sting in the tail -- a jarring price spike. Oil may be on the way out, but it will be a long goodbye. Even if demand peaks, companies like Exxon Mobil Corp. and Royal Dutch Shell Plc need to keep investing tens of billions of dollars every year into fossil fuels just to stand still. Right now, many investors would prefer to take that cash in dividends, or see it channeled into renewables.
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    #Oil
     
         



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    Energy News
    How bankruptcy helps the coal industry avoid environmental liability
    Wed, 10th May 2023 18:04:00
    German lawmakers mull creating first citizen assembly
    Wed, 10th May 2023 17:00:00
    Yousaf: Just transition away from oil and gas is a moral imperative
    Wed, 10th May 2023 14:15:00


    How bankruptcy helps the coal industry avoid environmental liability
    Wed, 10th May 2023 18:04:00
    German lawmakers mull creating first citizen assembly
    Wed, 10th May 2023 17:00:00
    Yousaf: Just transition away from oil and gas is a moral imperative
    Wed, 10th May 2023 14:15:00


     
             
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