What to Know About the Energy Transition – And the Balance of Security and Sustainability
Built for Change
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The Importance of Long-Term Investment in Low Carbon Energy
Even the most progressive players are spending in the high single digits to the low double digits of their capital expenditure in low carbon. They've talked about increasing that to 25% to 50% by the end of the decade, but that has to be accompanied by investments in hydrocarbons. We have estimated that in sectors like carbon capture and even hydrogen, those markets will become multi-tillion dollar markets by 2050. That starts to rival the three to four trillion dollar oil economy, if you will.
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