FuelFix: Energy companies are facing the prospect of physical and financial losses because of climate change, and the oil industry needs to take the threat more seriously, the chief economist of the International Energy Agency said Friday.
When there is global warming, this will result in much more frequent cyclones, floods and storms, Fatih Birol told FuelFix. And this will affect the infrastructure of energy companies -- we think especially for the offshore oil and gas production, in the North Sea,...