In the wake of Repsol’s announcements, what low-carbon energy transition for oil majors?
>With Repsol’s announcement on 2 December 2019 that it wishes to become carbon-neutral by 2050 and BP’s plans to undertake a strategic U-turn in 2020, the oil majors themselves acknowledge the limits of total reliance on oil: even though the imminence of the oil peak with the arrival of US shale oil is called into question, all eyes are now on the peak in demand. Companies in the sector will therefore have to convince investors of the effectiveness of their switch to...
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