Emerging petrostates may never see anticipated fossil fuel revenues materialise

Carbon Tracker analysis of upstream oil and gas revenues 2021–40. Low carbon* income versus current expectations (%)

*A roadmap that the IEA predicts would lead to a 50% chance of limiting warming to 1.65°C. Modelling also anticipates prolonged low oil and gas prices, equivalent to $40 a barrel.

Source: Carbon Tracker Initiative