Why ‘peak oil’ won’t mean the end of drilling

Why ‘peak oil’ won’t mean the end of drilling

The Edge Markets - World·2021-04-10 15:05

(April 10): A multibillion-dollar project to tap virgin oil fields in east Africa is expected to get the green light this weekend, highlighting an uncomfortable truth about the energy industry.

Even as Total SE, the supermajor behind the new project straddling Uganda and Tanzania, makes genuine efforts to begin the transition to low-carbon energy, the industry is nowhere close to ending its appetite for oil.

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