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.

Myles McCormick, Financial Times
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.

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