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The International Energy Agency (IEA) on Monday said that the oil and gas firms must increase their investment in low-carbon energies. Otherwise, they would face a global backlash that could jeopardize their long-term profits and social acceptance. “Every part of the industry needs to consider how to respond. Doing nothing is simply not an option,” IEA’s Executive Director Fatih Birol said. IEA suggested the sector to boost investments in the cleaner fuels.
