While some international oil companies are signalling diversification beyond fossil fuels, most state-owned national oil companies are planning to invest heavily in the oil sector. New research from NRGI indicates that a significant portion of that investment--$400 billion--will not be profitable if consumption of oil is low enough that the Paris accord climate goals are met. This "risky bets" could also cost citizens in resource-rich low- and middle-income countries dearly.

Read the report here: www.resourcegovernance.org/riskybet

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