27 Sep, 23

Financial Uncertainty Surrounds Oil And Gas Funding

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The world of hydrocarbon project financing remains a contentious topic for many investors, with conflicting reports challenging their commitments to energy transition and climate change goals. Even as recent reports suggest a continued influx of capital into the global oil and gas sector, backed by prominent financial institutions, Norway’s sovereign wealth fund, Norges Bank, has taken a bold stance. In a statement by Carine Smith Ihenacho, a senior executive at Norges Bank Investment Management, the largest global stock shareholder, criticism…

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