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Statoil CEO: Oil and gas investments needed to meet future demand

"The scale of the climate challenge requires us not only to ask how we can do more, but how we can achieve the most. Climate change doesn’t stop at borders – and neither should our solutions,” says Statoil CEO Eldar Sætre at the Statoil Autumn Conference.

“We need a global approach that stimulates technology innovation,” Sætre continues.

In the 2014 World Energy Outlook the International Energy Agency (IEA) presents “New Policies” as the main scenario. In this scenario global energy demand rises by 37% in the period to 2040.

By 2040, the world’s energy supply mix divides into four almost-equal parts: oil, gas, coal and low-carbon sources.

No matter which direction environmental policies and measures take, an enormous amount of oil and gas investment will still be needed in the years ahead to secure energy supply, according to the IEA.

 

 

Read more at Statoil.com.

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