OPINION: By all rights, the oil and gas industry should be back in the driving seat as soaring energy prices refill corporate coffers and governments ask it to provide more energy, not less.

Six months ago, the sector was treated as a whipping boy at the COP26 climate summit, with politicians banning its involvement and then castigating it for not doing enough on global warming.

Even now, energy companies in the UK, Spain and elsewhere are being hit by windfall taxes from governments claiming their citizens are suffering and companies are earning too much.