Global Markets: Big Oil Resists Urge to Spend

Global Markets: Big Oil Resists Urge to Spend

Forget “Drill, baby, drill!” The world’s biggest oil companies aren’t returning to their spendthrift ways, despite crude’s recovery. Advertisements

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Sustainability: “Big Oil’s Spend To Meet Climate Goals Will Be ‘Monumental’” – JP Morgan

Sustainability: “Big Oil’s Spend To Meet Climate Goals Will Be ‘Monumental’” – JP Morgan

If Europe’s eight largest oil companies want to meet the climate and carbon-reducing goals they have set, their spending on new, low-carbon energies must double by 2020, and then double again within five years, with total spending seen as ‘monumental’, according to JP Morgan.

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