MARKETS

IEA says US$75 billion needed to meet oil & gas net zero targets

The International Energy Agency (IEA) has estimated that the global oil and gas industry will need to invest more than US$75 billion for the sector to meet the 2030 target for cutting methane emissions - less than 2% of the net income that the global industry pulled in last year.

Colin Hay

IEA says US$75 billion needed to meet oil & gas net zero targets

The baseline number was varied in relation to geography, however, the new IEA report suggested that around US$55 billion would be needed for upstream oil and gas facilities, with just over US$20...

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