Opec blame young activists for decreased investments in oil

The trillion-dollar Organization of the Petroleum Exporting Countries (Opec) highlights the growing reputational concerns of oil companies as insurance companies are increasingly pulling investment from fossil fuel assets. 

Mohammed Barkindo, the secretary general of Opec, said the growing mass mobilisation of world opinion against oil is “beginning to … dictate policies and corporate decisions, including investment in the industry”.

He blamed the striking students and said the pressure was even being felt within the families of Opec officials because their own children “are asking us about their future because … they see their peers on the streets campaigning against this industry”.

Greta Thunberg and other climate activists have said it is a badge of honour that the head of the world’s most powerful oil cartel believes their campaign may be the greatest threat to the fossil fuel industry.

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