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The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector’s history

Global investment in the energy sector is expected to plunge by almost $400 billion in 2020 compared to last year as the pandemic takes a beating on the energy sector, the International Energy Agency warned on Wednesday.

Before the pandemic, the global energy investor sector was on track for growth of around 2% which would have been its largest annual rise in spending in six years. Read more…

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