Climate Revolt Against Big Oil May Lead To Surge In Crude Prices ...Middle East

The surge in climate activism demanding that Big Oil drastically cut emissions and shift strategies to investment in low-carbon energy instead of oil and gas could result in a surge in oil prices in the not-too-distant future. As much as environmentalists and activist shareholders want the major international oil firms to slash upstream investment further, the world’s energy system is not ready yet to deprive itself of the oil and gas resources that Big Oil is exploring and developing. As it stands, 80 percent of global energy is still being…

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Climate Revolt Against Big Oil May Lead To Surge In Crude Prices ...Middle East

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