Saturday, March 8, 2025
Energy transition still means billions in fossil-fuel investment- oil and gas 360

Energy transition still means billions in fossil-fuel investment

World Oil (Bloomberg) — The energy crisis triggered by Russia’s invasion of Ukraine is increasing the world’s motivation to shift to low-carbon energy, but is also creating a near-term scramble for fossil fuels that will drive billions of dollars of new investment. The U.S. and European countries are planning liquefied natural gas terminals that will be in service for decades.