OPEC Slams IEA’s Net-Zero Report As ‘Destabilizing’ ...Middle East

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OPEC Slams IEA’s Net-Zero Report As ‘Destabilizing’
source : OILPRICE ( Middle East ) () 23
The bombshell suggestion of the International Energy Agency (IEA) that the world doesn’t need any new oil and gas investments ever if it is to reach net-zero emissions could further raise the volatility in oil markets if investors heed the call, according to an internal OPEC report seen by Reuters. Earlier this week, the IEA published a Net Zero by 2050 report, in which it said that the road to limiting global warming to 1.5 degrees Celsius involves a rapid and radical shift away from fossil fuels. According to the Paris-based agency, created…

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