International Energy Agency

OPEC's tough balancing act

Reproduced from an IEA chart; Chart: Axios Visuals

Global energy investments rebound, thanks to fossil fuels

Global energy investments stabilized last year after three years of decline, due to greater spending on oil, natural gas and coal, according to a new International Energy Agency report just published.

What they’re saying: Fatih Birol, IEA executive director, says that “the world is not investing enough in traditional elements of supply to maintain today’s consumption patterns, nor is it investing enough in cleaner energy technologies to change course. Whichever way you look, we are storing up risks for the future.”