Full Title: Carbon Supply Cost Curves – Evaluating Financial Risk to Oil Capital Expenditures
Publisher(s): Carbon Tracker Initiative
Publication Date: 5/2014
Full Text: ->DOWNLOAD DOCUMENT<-
Given that over the next decade private-sector oil companies will invest $1.1 trillion in new upstream capex, controlling carbon asset risk ought to be a priority for stewards of capital. With falling returns and rising capital intensity (capex/barrel of production capacity), investors should scrutinize company investment plans more thoroughly than they have in the past.