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Oil stocks still hot even in a warming world
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Big oil company profits and revenue have flagged since last year, when energy prices soared after Russia’s invasion of Ukraine.
PHOTO: REUTERS
Jeff Sommer
Heat, drought, flood and famine. Evidence of climate change is all around us.
If the planet is to avoid even more severe consequences from global warming, the International Energy Agency, the world’s leading energy authority, says, consumption of oil, coal and natural gas needs to be reduced much more rapidly, and clean energy sources like wind and solar power need to expand at a far faster pace.
