Saturday January 18, 2020

Exploration companies are swimming against the tide

The high-risk sector now faces investor flight as the world moves towards clean energy

Daniel Murray

Business Reporter

@danieltmurray
11th August, 2019
As a result of climate education, the public mood has shifted considerably on fossil fuel use and exploration Pic: Getty

Providence Resources’ troubled oil and gas prospect at Barryroe is just the latest in a cluster of headaches for the oil and gas industry and its investors. As a result of climate education, the public mood has shifted considerably on fossil fuel use and exploration. The resultant pressures and policy changes are causing problems for investment security in what is already a high-risk industry.

Following major protests over the Corrib pipeline, a significant change...

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