Finance

Big oil dilemma with underperforming renewables ‘far from solved’

Oil producers may have to rethink their two-pronged approach to the energy transition, especially when the price of oil drops

Green shift: investors are keen to maintain the healthy returns from fossil fuels and may be difficult to persuade to support oil and gas companies’ energy-transition ventures.
Green shift: investors are keen to maintain the healthy returns from fossil fuels and may be difficult to persuade to support oil and gas companies’ energy-transition ventures.Photo: REUTERS/SCANPIX
London
BPGalpEquinor EquinorEquinorBernard Looney
Published 2 March 2023, 13:15Updated 6 March 2023, 20:39