Our Take: Pressure Grows to Wind Down Oil Ops

Copyright © 2021 Energy Intelligence Group

Energy companies have come to accept the possibility that they may be holding stranded oil and gas assets, as demonstrated by last year’s write-downs (EIF May5'21). But their investors are increasingly concerned that, as demand for fossil fuels falls in coming decades, they could be left owning entire businesses that are stranded, and so they are upping the pressure on these companies to wind down their oil and gas operations.

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