Energy under-investment poses a key risk, says Equinor chief economist

Global energy markets are heading into a «self-inflicted train crash in slow motion», said the chief economist of Norway’s state-owned oil company Equinor, as investment in renewables and fossil fuels falls short of ever-rising demand.

Eirik Wærness’s comments echo those from both clean energy and fossil fuel analysts who say a dearth of capital spending will leave the world vulnerable to price surges of the kind seen in Europe last year after Russia’s full-scale invasion of Ukraine.
Eirik Wærness’s comments echo those from both clean energy and fossil fuel analysts who say a dearth of capital spending will leave the world vulnerable to price surges of the kind seen in Europe last year after Russia’s full-scale invasion of Ukraine.Foto: Gabriel Skålevik
Publisert 23. March 2023, kl. 12.04Oppdatert 23. March 2023, kl. 12.04
Financial TimesEquinorEnergiKlimaOlje og gass