Dec 17, 2022
Norwegian companies submit record $20.5 billion fossil fuel investment plans amid Russia-Ukraine war
Posted by Gemechu Taye in category: energy
This does not bode well for eco-friendly renewables.
Last month, Europe supported a call by India to phase down fossil fuel use as part of a COP27 deal. Now, partially due to the Russian-Ukrainian war, it seems to be changing its mind.
These projects amount to total investments of more than NOK 200 billion (around $20.