State-owned oil companies are on course to invest $400 billion in oil and gas projects that could only break even if the world exceeds the Paris Agreement targets, a think tank has said in a new report. “State oil companies’ investments could pay off, or they could pave the way for economic crises across the emerging and developing world, and necessitate future bailouts that cost the public,” the Natural Resource Governance Institute said.
“Some oil-dependent governments in Africa, Latin America and Eurasia are making particularly…National Oil Companies On Collision Course With Climate Targets
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