Supermajors Are Betting Big On Carbon Credits ...Middle East

OILPRICE - Economy
Supermajors Are Betting Big On Carbon Credits
source : OILPRICE ( Middle East ) () 12
“PEAK OIL IS SUDDENLY UPON US” blared a Bloomberg Green headline earlier this month. While the COVID-19 pandemic has been devastating for many economic sectors, few were as hard hit as the oil industry, which saw oil prices drop below zero in a historic bottoming out during what some are now referring to as “Black April.” In the wake of  this largely unanticipated blow to once stalwart oil, groups like the World Economic Forum advocated for a “new energy order” and a “great reset” to catalyze…

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