Is the sun setting on Saudi oil?


Manage episode 244611896 series 1301443
By BBC and BBC World Service. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Is the Saudi state oil company Aramco finalising its much-delayed share offering just as financial markets are losing faith in the future of fossil fuels? Manuela Saragosa speaks to energy geopolitical analyst Indra Overland, who says that the transition to electric vehicles could happen much faster than expected, posing a direct threat to what is the world's biggest oil company. Meanwhile Andrew Grant of the think tank Carbon Tracker says that big institutional investors are beginning to take the financial risks posed by climate change far more seriously. But according to oil industry consultant Cornelia Meyer the highly profitable Saudi company could still prove an attractive proposition for Western investors. (Picture: A Saudi petroleum plant silhouetted at dusk; Credit: Scott Peterson/Liaison)

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