Transition Concerns Speed Fossil Fuel Development
Ronen Lazarovitch shared his perspective with Energy Voice on why governments should maximize development of resources as energy demand shifts away from fossil fuels.
“Governments don’t know whether hydrocarbons will be viable, given changes in ESG attitudes and pressure around the world to accelerate the energy transition. Those governments worried about stranded assets are going to take a view of how to incentivize development,” said Lazarovitch.
“If you take the view that it will take some time to cut demand, then this is a time for opportunities,” he added. “It’s a time to go to those countries with worries about stranded assets, as there are likely to be incentives up for grabs.”