Sidara will come back12 Nov 2024 12:14
As their reason for pulling out in August has largely bene settled
1)US will NOT go into recession as feared
2) Harris (green energy) mandate did not come to fruition
3) hopes that Middle East will be sorted more quickly that looked back in summer r
From August 2024
Sidara, which mainly carries out engineering and consultancy services on large building projects, makes about 45% of its revenues in North America, where there is uncertainty over future policy with less than 100 days until the US presidential election.
That uncertainty extends to policy on drilling for fossil fuels, with a contrast between Donald Trump’s “drill, baby, drill” approach and Kamala Harris’s more measured support for fossil fuel extraction. Wood makes one-third of its revenues from North America.