Web Desk February 9, 2021

According to new research conducted by the Natural Resource Governance Institute (NRGI), National Oil Companies (NOCs) could invest about USD 1.9 trillion in the next ten years, APA reports citing Institute’s report.

 

“Of this, about one-fifth, or $400 billion, would not result in a profit if the energy transition proceeds in line with current climate commitments. If widespread carbon capture and storage technologies are not deployed, this figure would climb even higher,” noted in the report.

 

Source: Azeri-Press News Agency

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