IEA: 'Fossil fuels to burn up cash'

Investments totalling more than $48 trillion will be required to meet the world’s growing energy needs over the next two decades, with around half of this needed for fossil fuel extraction to maintain output from existing oil and gas fields, according to the International Energy Agency (IEA).

Newsletter signup


Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?