The Unfunded Tail of the Energy Transition: Who Pays When Oil Majors Leave?
International oil companies are accelerating their exit from onshore mature oilfields worldwide. From the North Sea to the Niger Delta, corporate asset sales allow majors to shed high-emission product
The Unfunded Tail of the Energy Transition: Who Pays When Oil Majors Leave?
International oil companies are accelerating their exit from onshore mature oilfields worldwide. From the North Sea to the Niger Delta, corporate asset sales allow majors to shed high-emission production profiles while boosting return on equity. Global green economy professionals, climate finance institutions, and governance regulators are waking up to a severe structural risk: oil company divestment liabilities.
When an international operator sells legacy infrastructure to an independent firm, the buyer rarely possesses the balance sheet needed to fund environmental remediation. Multi-billion-dollar
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Written by Elkanah Oluyori
Director, Clement Isong Foundation Β· Uyo, Akwa Ibom State, Nigeria
Elkanah leads Clement Isong Foundation with 16+ years of experience in green economy development, climate justice, and civic technology in Akwa Ibom State and Nigeria. He is the founder of GreenAccelerators, Nigeria's first green economy opportunity portal.
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