Energy Transition Spells Trouble for High-cost Oil Producers

High-cost fossil fuel producers like the U.S., Canada, Russia and Brazil need to plan for a rapid decline in exports in the coming years, or they risk being left in the lurch as the energy transition takes hold.

That is the key takeaway from a new academic paper by Jean-Francois Mercure, senior lecturer in global systems at the University of Exeter, and his co-authors.

The authors argue that we need to reassess how we frame conversations around the transition away from fossil fuels.