Energy investment fell 8% in 2015, reflecting low oil and gas prices, but falling costs and government policy shift spending towards clean energy, data shows
Global investment in energy fell by 8% last year to $1.8tn (£1.4), reflecting low oil and gas prices and cost falls in the sector, new data shows.
Nearly half of the decline was accounted for by the US, where plunging oil prices and a recent boom in shale gas, along with cost deflation in the energy sector, have played an increasing role.