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December 2020

A study: the production of shale oil can create more than 8 billion euros worth of national wealth in the coming 20 years

An in-depth analysis conducted by research company KPMG shows that the production of shale oil could create more than 8.2 billion euros worth of national wealth for Estonia in the coming twenty years. The study was commissioned by the Estonian Chemical Industry Association and its aim was to determine the impact of the European climate policy on the competitiveness and long-term sustainability of the sector. According to the conclusions of KPMG’s experts, the concern of the companies in the sector is not unfounded and they give the policy-makers a clear understanding of the choices which the Estonian society faces and what kind of a financial impact the adopted decisions will have.

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