Warning....Investors: companies have not woken up to the “seismic implications”.
Adapt to Survive: Why oil companies must plan for net zero and avoid stranded assets - Carbon Tracker Initiative
Under the NZE, production levels in the 2030s of the world’s largest listed oil and gas companies drops. For most companies including majors like Shell, Chevron and Eni – production falls by at least half. Most shale companies see production fall by over 80%.
I've often wondered what the implications maybe for say petro-dollar economies such as Venezuela and Nigeria, with little on no ability to transition away from production. What of these economies, what are the options going forward. 2030's are merely a decade away. Little or no time to plan at all.