The first priority will be to complete an environmental impact assessment prior to conducting initial seismic operations. |
The fund will invest in innovative technology within upstream oil and gas activities, as well as in renewable energy. The aim is to invest in three to four promising companies annually, for the next four years. |
Within new, renewable energy, the fund will seek out technologies that further prove the viability of wind, hydrogen, biomass and solar power as competitive areas technologically. |