Energy transition could lead to $ 111 billion in oil divestments, report says – Houston Chronicle

Energy transition could lead to $ 111 billion in oil divestments, report says – Houston Chronicle

A societal shift from fossil fuels to renewables could force the largest oil companies to sell $ 111 billion in oil and gas assets in the coming years, according to a new report. Rystad, a Norwegian energy research firm, said on Tuesday that oil companies will need to dramatically streamline their oil and gas portfolios […]

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