GLOBAL ENERGY INVESTMENT 2018: $1.8 TLN
IEA - Global energy investment totalled more than USD 1.8 trillion in 2018, a level similar to 2017. For the third year in a row, the power sector attracted more investment than the oil and gas industry. The biggest jump in overall energy investment was in the United States, where it was boosted by higher spending in upstream supply, particularly shale, but also electricity networks. The increase narrowed the gap between the United States and China, which remained the world's largest investment destination.
Still, even as investments stabilized, approvals for new conventional oil and gas…
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