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Nigeria’s Oil Industry Is Struggling To Win Back Investors June 20, 2021
Long overdue government legislation must come into place in Nigeria if the country hopes to reform its oil industry to make it more accessible for international players and win back investment. The Nigerian Senate is expected to finally pass legislation known as the Petroleum Industry Bill (PIB), originally presented in 2008, to change how energy […]
Emerging Economies Face An Impossible Challenge In The Energy Transition June 20, 2021
Climate concerns are driving an acceleration in the global transition towards environmentally sustainable energy sources, with significant implications for emerging markets as they seek to keep pace with high demand growth over the long term. In a sign of the growing influence of environmental, social, and governance (ESG) standards on the energy industry, three of […]
Big Oil Looks To Cut Production Following Activist Backlash June 19, 2021
Two weeks ago, Big Oil suffered a series of boardroom and courtroom defeats in the hands of hardline climate activists. Exxon Mobil lost three board seats to Engine No. 1, an activist hedge, in a stunning proxy campaign. Engine No. 1 told the Financial Times that Exxon will need to cut fossil fuel production for […]
The Unmistakable Impact Of The IEA’s ‘Fantasy’ Report June 19, 2021
In an effort to adapt to Trudeau’s recent green policies and owing to pressure from the International Energy Agency (IEA), Canadian oil sand producers have formed an alliance to achieve net-zero emissions by 2050. This would see a huge shift from current practices as, at present, oil sands producers extract some of the most carbon-intense […]