Financial institutions are increasingly reluctant to invest in new oil and gas projects, driven by poor returns and poorly defined paths to meaningful decarbonization.
How universal are these changing attitudes in sovereign funds, state and private banks and to what extent will their action impact the industry? How is this affecting the majors, independents and smaller E&Ps? Will private equity funding increase sufficiently to take over the role of traditional financiers? What changes need to be made to attract back the cash?