Energy Security Trumps ESG Agenda For Big Oil

From oilprice.com

The world’s largest international oil and gas majors have changed their tune on medium to long-term strategies since the Russian invasion of Ukraine and the energy crisis last year. All European majors continue to target net-zero emissions by 2050, but some of the biggest, including BP and Shell, have scaled back promises to cut back oil and gas production and have signaled they would be there to provide the world with fossil fuel energy as long as it needs it. Considering that the world still depends on fossil fuels for more than 80% of its primary energy consumption, it’s not outrageous – from a business ... (full story)