The energy transition offers oil and gas companies an opportunity to shift to new business areas such as renewable energy. New research looking at four oil majors finds limited investments in and revenues from renewable energy, despite ambitious climate strategies.
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G.A. is an employee of J.P. Morgan Asset Management.
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Alova, G. Oil majors’ slow transition. Nat Energy 7, 472–473 (2022). https://doi.org/10.1038/s41560-022-01032-7
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DOI: https://doi.org/10.1038/s41560-022-01032-7