An oil pumpjack in the Permian Basin. Photo: Brandon Bell/Getty Images
Oil driller Ovintiv Inc. is eyeing the sale of its operations in the Uinta Basin, which could fetch as much as $2 billion, Bloomberg reports.
Why it matters: Oil and gas deals are soaring this year, at a time when venture funding aimed at the energy transition is slowing down.
The contrasting flow of money underscores the broader trend of climate tech's slowdown this year after a burst of company launches and fundraisings over the past several years.
