Oil asset write-downs not the end of the oil age – Forbes

Oil asset write-downs not the end of the oil age – Forbes

Climate change activists have long pushed for divestment from fossil fuel companies. They largely failed in this quest. This year, however, the sharp decline in the value of major oil and gas companies occurred with a speed that surprised market watchers. Within weeks, the coronavirus pandemic and the battle for oil market shares between Saudi Arabia and Russia launched after the collapse of…

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