Oil,Field,With,Pump,Jack,,Profiled,On,Blue,Sky,With Courtesy: Shutterstock
10 February 2022

A sovereign wealth fund for oil security

BY

Renewable energy is trendy, but still unreliable at this early stage. Countries will find it necessary to fall back on traditional energy sources like coal and oil for their needs, and this can lead to energy price spikes. To protect itself from this scenario, now is the time for energy-dependent India to set up a wealth fund that invests in listed oil companies around the world, to reduce the risk of energy insecurity.