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Sheltered from biggest risks, green fuel to ride out oil crash

2016-02-09 09:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Green power is cheap enough to compete with fossil fuels and will buck the trend of falling investment in oil and gas as it can offer long-term returns sheltered from political risk, investors and industry analysts say. Oil prices have dropped by around 75 percent since mid-2014, leading the International Energy Agency (IEA) to predict a second successive year of falling hydrocarbon investment, marking the most sustained decline since the 1980s. In the last boom-bust cycle of 2008-2009, a crash...

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