Rapid Energy Transition Could Doom Oil Exporting Countries ...Middle East

Economy by : (OILPRICE) -
It’s a tough time being in the oil and gas business. Big Oil has lately come under a plethora of attacks from all directions, ranging from uncooperative financiers and investors amidst a global shift to renewable energy to hostile governments and hardline climate activists. And although the major oil-exporting economies of the world weren’t necessarily in the environmental crosshairs like Big Oil was, the shift could have a devastating effect on those oil-dependent economies.  In a virtual climate summit with 41 world leaders last…

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