OPINION: John Browne, BeyondNetZero chairman and former BP chief executive, has stepped into the debate over oil and gas companies’ strategies for tackling the energy transition.

Writing in Time magazine, Browne called on oil and gas majors to be bolder in separating their low and zero-carbon activity from their fossil-fuels business.

Lower and zero-carbon activity, he wrote, is “rapidly growing, less capital intensive and valued at a premium by investors, whereas the business of hydrocarbons is capital intensive, unloved by the market and in decline”.