The pandemic and green energy leave oil’s supermajors at a crossroads

Legacy energy companies are for the first time sketching out new strategies that in the near future—as soon as 2030, in some cases—would eliminate hydrocarbons. The industry would like everyone to believe it’s turning its back on fossil fuels for the good of the planet; however, the reality is that Big Oil has been forced to change by green campaigners, local politicians, and pension funds. More »