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Global warming-II: Short scenario horizons needed
Apr 28: Indian Oil Marketing Companies for example will need to rethink their breakneck refinery capacity building plans
8If the planning time scale for a new refinery is 15 years, a lot will happen in this interim period that can destroy its economics
8Even E&P companies, if they can take their eyes beyond the next OPEC production cut deal in May, will have to understand that high-cost production resources are likely to become uneconomic
8They should plan new investments on the assumption that, given likely future carbon taxes, regulations and the progress of alternative technologies, the economically profitable life of many investments may be considerably less than their technically feasible life.
8They should therefore provide financial markets with sufficiently detailed information on assumptions regarding future scenarios to enable balanced assessments as to the economic viability of their long-term assets
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