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Surely this will give an increased incentive to countries divest from oil completely in order to ensure long term economic stability. Take Singapore for example. Oil is cheap for them now which is good from an import perspective but they are also invested in oil with something like 6% of their sovereign fund which is not so good. They also have an abundance of sunshine. It makes perfect sense for them to use this as a catalyst for transitioning to renewables even though in the short term oil is cheap to import.



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