Funding sources for new oil and gas projects are increasingly constrained
Outlook 2022: Mind the financing gap
Sources of capital for supply to meet future oil and gas demand are evolving
The headline-grabbing conclusion of the IEA’s 2021 World Energy Outlook was that “no new oil and gas fields are required” in their Net Zero Emissions scenario. This scenario sees global oil demand decreasing by over 40pc, to c.60mn bl/d, as soon as 2030. Even if the IEA was only drawing an axiomatic conclusion from its modelling, it was spun to the media as an IEA ‘call’ for no new oil and gas projects. This headline has certainly been latched onto by climate activists campaigning for no new project approvals. However, a less publicised—but equally important—conclusion from the same IEA report was that the only aspect of the net-zero pathway on which the world is currently on track is in the
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12 December 2025
The latest edition of our annual Outlook publication, titled 'The shape of energy to come: Creating unique pathways and managing shifting alliances', is available now
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
