Ukraine war to impact fossil fuel investment for years to come; IEA says
Tuesday, 05 July 2022
Pressure is building up to close down Russian oil, gas and coal deliveries to Europe, worth an estimated $150 billion in 2021 and over $500 million each day so far in 2022. The conflict in Ukraine will impact fossil fuel investment for years to come, the International Energy Agency (IEA) says, with global energy spent forecast to increase 8% in 2022 to reach $2.4 trillion.
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