Renewables
New Oil Fields Should Have to Build the Carbon Storage Market
CEII brief
OilPrice.com reported on 19 Oct 2026: New Oil Fields Should Have to Build the Carbon Storage Market.
Read the full story on OilPrice.comThe debate over new oil and gas fields usually ends in a familiar deadlock. Industry argues that production will still be needed for decades, supports jobs and reduces dependence on imports.
Context from CEII
Renewables are the fastest-growing part of the world’s energy system. The COP28 goal is to triple capacity by 2030, and solar mini-grids are the fastest route to power for millions of people without electricity.
27.8% of electricity in the world was renewable in 2021Original reporting © OilPrice.com. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
