How are the oil and gas industry affected by climate change?
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The oil and gas industry is particularly affectedby climate change due to its reliance on the exploration, extraction, and burning of fossil fuels. As global temperatures continue to rise, the availability of oil and gas reserves will be reduced and the process of extraction will become more challenging. In addition, the industry must adjust to fluctuating prices, new regulations, and changing demand for energy sources. Rising sea levels also present a major threat to companies that operate offshore and coastal facilities. Finally, increased public pressure to reduce emissions and transition to renewable energy sources is likely to drive further change in the industry.
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