Climate ambitions: BP CEO Bernard Looney, in February, unveiling the company's intentions to achieve net-zero carbon emissions by 2050. Photo: AFP/SCANPIX

Will Covid-19 mark a permanent shift in oil companies’ energy-transition strategies?

Peak oil may have already been reached, say supermajor bosses as they cut hydrocarbons spending and double down on clean-energy plans

26 May 2020 9:58 GMT Updated  26 May 2020 9:58 GMT