Oil goes into a tailings pond at the Suncor oil sands operations near Fort McMurray, Alberta, Canada Photo: REUTERS/SCANPIX

Slow-transitioning global oil and gas making climate targets 'very challenging to reach'

Despite shift by European supermajors toward renewables, global sector investing under 1% of capital in non-fossil-based projects, Capgemini report finds

3 November 2020 8:06 GMT Updated 3 November 2020 8:06 GMT

By Darius V Snieckus

European oil and gas supermajors are slowly ramping up commitment to the energy transition but the wider petroleum

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Energy Transition

Slow-transitioning global oil and gas making climate targets 'very challenging to reach'