OilWire Issue #10: Norway makes Big Oil nervous; Enbridge delays Line 3; ‘Fight for the Bight’ heats up

March 15, 2019Newsletter

As we head into annual meeting season, oil majors are under pressure to respond to investors skeptical of their future profitability under climate constraints, or what the Financial Times terms the industry’s “existential crisis.” That pressure ratcheted up last week when Norway’s government moved to divest the world’s largest sovereign wealth fund from upstream exploration and production companies.