Research | Retiring oil and gas assets will have long-term financial and environmental impacts
Retiring oil and gas assets will have long-term financial and environmental impacts

Retiring oil and gas assets will have long-term financial and environmental impacts

13 January 2023

Ageing oil and gas assets will have significant long-term financial and environmental impacts, with decommissioning costs rising steadily in coming decades. Asset retirement obligations could reach US$42 billion by 2024, posing considerable financial, logistical, and environmental challenges given limited financial assurance requirements, regulatory loopholes, and the complexity of decommissioning.

 

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