Big Oil faces tough, but necessary choices to navigate the energy transition: BP’s former CFO

Hellenic Shipping News | Jul 13, 2020 at 2:00 AM
  • The world’s transition to cleaner, low-carbon energy presents a unique set of challenges and opportunities for integrated oil companies as they struggle to meet both the needs of investors and climate change goals.
  • Energy utility challenge European oil majors have been expanding their renewables energy and power sector investments of late, particularly in the wake of the 2016 Paris Agreement on climate change.
  • Gilvary also cautioned against any complacency by US oil majors to invest in more clean energy due to their focus on shale oil.