Even with governments dangerously behind schedule on emissions reductions, oil producers are beginning to feel the heat. In recent weeks, the United States, China, the European Union, and a handful of international organizations have unveiled plans for alternative energy investments, carbon pricing, and environmental regulations. Their proposals are neither fast enough nor bold enough. But already they have triggered infighting among OPEC nations and a fire sale of oil and gas assets.In some ways, it’s good news that oil-producing countries and companies are now contemplating a post-oil future. But there’s also cause for concern. Wealthy oil kingdoms may have the time and resources to diver
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