Investment in the supply of energy and natural resources is set to reach record levels in 2025, with spending exceeding US$1.5 trillion, up 6 per cent in real terms in 2024.
The headline figure is for capital investment across power and renewables (excluding wires), upstream oil and gas and metals and mining, according to Wood Mackenzie.
While overall spend is increasing, the growth rate is half that of the early part of the decade.
Capital discipline is a factor in all sectors, in…
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