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Oil prices are rising again while global economic activity is on the rise. But an eagle can be chaos when governments have finally taken action on climate change-and it can lead to financial ruin if Big Oil can chase it.
New reports from Carbon Tracker, London-based think tank, they found that if companies took the bait and tried to distort most of the oil and gas on the ground, it would probably run out. and more than $ 500 billion in revenue in infinite objects. (And let’s not start again climate change.)
From a commercial standpoint, these companies are well aware of dollar signals and high prices as well as increased demand. But what can he do? Axel Dalman, the secretary-general of the report, said in releasing the press he would be a “Risks if they continue with projects that supply fuel at a time when demand is starting to decrease. ”
World leaders are well aware that the end of the oil sphere is fast approaching, and it will soon be over. Otherwise, people may experience serious consequences. Where does the report find? when governments begin (hopefully) to be positive tearing down the oil business to protect the climate, it could leave oil companies and shareholders holding the fund.
“As the world changes from oil and gas, [companies] to risk losing significant profits by failing to deliver the expected results, “said Mike Coffin, co-founder of the report. to be at risk of financial loss because demand is declining over the next decade. “
Carbon Tracker ideas for these companies and their owners? Avoid the temptation to participate in all activities because the great need will not and will not last long. The report predicts that some oils are oily companies are theirs shareholders may have a few years to earn enough money to buy their stock at or near the level of oil prices before the end of the decade. Some may harvest by repaying prices while they are still high, but it is unlikely that many will be able to borrow if governments around the world invest in sanitation and the need for electric vehicles goes up. That demand is expected to rise further 30% by 2030, Carbon Tracker added in the report.
Report the findings also illustrate why the world needs a stronger plan to end the business. An unregulated downturn could cost billions, injure workers, and even ruin the climate in the end if a number of companies try to squeeze out every drop of oil they can get off the ground.
What the findings show is the same uIn the end, everyone gets frustrated if Big Oil continues to lay the foundation for oil-including wealthy investors and stocks.
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