A $140bn asset sale: the investors cashing in on Big Oil’s push to net zero

One company’s transition away from fossil fuels is another’s opportunity to double down.

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The total value of oil and gas assets up for sale across the industry stands at more than $140bn, according to the consultancy. The disposals come amid rising speculation about «stranded assets» – huge oil and gas reserves that might never be extracted if the world pursues the Paris climate goals.
The total value of oil and gas assets up for sale across the industry stands at more than $140bn, according to the consultancy. The disposals come amid rising speculation about «stranded assets» – huge oil and gas reserves that might never be extracted if the world pursues the Paris climate goals. (Foto: Aleksander Nordahl)