TotalEnergies EP Nigeria Limited, a subsidiary of TotalEnergies, has said the implementation of the Petroleum Industry Act must be accelerated as the window for investments in fossil fuels is narrowing. “The fact is the PIA implementation must be accelerated. The window for investments into fossil fuels is narrowing. According to him, the case for investments envisaged by the PIA still has to be made in view of climate concerns and the attention on energy transition. “Nigeria may not have much choice over the speed and velocity of the energy transition.

Source: Punch November 18, 2021 02:24 UTC