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The Graphic Truth: Petrostates' grim low-carbon future

Reducing carbon emissions is good for the planet and good for your lungs, but there's one group of countries that might not be so keen on green: those that rely heavily on oil and gas exports to run their economies. As the rest of the world gets closer to "Net Zero" in the coming decades, these petrostates will be in big trouble unless they diversify their economies — fast. So, how vulnerable are the world's top oil and gas producers to a low-carbon future? We look at how much the 20 most hydrocarbon-dependent nations would stand to lose over the next two decades under what the Carbon Tracker Initiative calls a "low-carbon scenario".

GZERO Summit on sustainability: COVID-19’s promise on ESG

The forced slowdown of global economic activity due to the coronavirus pandemic has slashed carbon emissions around the world, opening a unique opportunity to make real progress in the fight against climate change. But there is fear that it won't be enough, and the world will go back to its old ways when we get rid of COVID-19. However, even before the public health crisis, some major emitters had already taken ambitious steps to rethink how to make their own policies more sustainable.

In Canada, the prominence of oil in the economy doesn't mean that it should hide from the existential challenge of climate change. Fossil fuel profits make Canada not only more responsible but gives the nation the resources to commit to a bold climate policy, Canadian Minister of Natural Resources Seamus O'Regan said during a panel discussion on sustainability at the 2020 GZERO Summit in Japan.

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Episode 7: Running on fumes: the future of fossil fuels

Listen: The pandemic has hastened an already growing trend in energy consumption globally—a shift from fossil fuels like oil and gas toward renewable resources. What nations and corporations stand to benefit from this new reality, and who stands to lose the most?

In the latest episode of Living Beyond Borders, moderator Caitlin Dean asks some geopolitical and economic experts--Luigi Pigorini, Head of Citi Private Bank in Europe, Middle East, and Africa; Ed Morse, Global Head of Commodities Research at Citi; and Robert Johnston, Managing Director, Global Energy and Natural Resources at Eurasia Group.


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