Climate Talks > Misplaced faith in long cycle bullishness for oil market risks stranded assets, value destruction, report warns

Misplaced faith in long cycle bullishness for oil market risks stranded assets, value destruction, report warns

Published 08:14 on January 27, 2022  /  Last updated at 08:18 on January 27, 2022  / /  Climate Talks, International

Oil and gas companies should resist the temptation to respond to rebounding oil demand and prices by sanctioning high-cost, long-cycle projects based on a bet that the current bullish investment environment will be prolonged, a report released on Thursday has argued.
Oil and gas companies should resist the temptation to respond to rebounding oil demand and prices by sanctioning high-cost, long-cycle projects based on a bet that the current bullish investment environment will be prolonged, a report released on Thursday has argued.


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