$1.42 trillion at stake as oil and gas production declines: Norway urged to speed up pace of exploration and technological advancement
While fossil fuel production is expected to decline over time to reach the goal of net-zero production by 2050, the Norwegian Offshore Directorate (NOD), which reports to the Ministry of Energy, has developed three scenarios illustrating a decline in oil and gas production and financial impacts. Over $1.42 trillion (NOK 15 trillion) is at risk […]