Chief among the drivers of this change is that governments, private companies, financial institutions and others are investing in the development of technologies and policies that will reduce greenhouse gas emissions globally and also achieve lower carbon footprints in the coming decades. As a result of these technological advances, our reliance on fossil fuels such as coal will gradually decline as cleaner energy sources in natural gas and renewables become more prevalent.
Union Jack Oil (LON:UJO) The directors believe that significant opportunities exist to invest in, or acquire, a company or companies or businesses or assets in the hydrocarbon sector.
The investment strategy will have a heavy emphasis on acquiring late stage exploration projects where planning consent has been approved for drilling wells and to acquire minority production working interests onshore and/or offshore in the UK.
