The Best Energy Transition Strategy For Oil Majors Remains A Mystery

Is the era of Big Oil coming to an end? Worldwide, industry and policy leaders are finally making earnest pledges to decarbonize. The United States has passed a $1 Trillion Infrastructure Bill that includes heavy investment and incentives for the increased development and adoption of renewable energies.

At last month’s COP26 climate summit, a Beyond Oil and Gas Alliance (BOGA) was formed by a group (Costa Rica, Denmark, France, Greenland, Ireland, Quebec, Sweden and Wales) that committed to phasing out oil and gas entirely, and 25 countries…