Low-Carbon Projects Are A Priority For Oil Companies In 2020

A growing number of oil companies will boost their investments in low-carbon projects this year as they focus on lowering their carbon footprint, a survey from Norwegian DNV GL has suggested. A trend that is largely being driven by pressure from investors. As much as 71 percent of respondents in the survey said they planned to either maintain their level of investment in low-carbon projects or increase it. This was up from 51 percent last year and comes despite the volatile oil price environment, the energy consultancy notes. More than half of…