After years of shunning and demonizing the oil and gas industry as the main culprit of rising global temperatures, some investors are now warming up to the sector as they realize that the international majors will have a role to play in the energy transition. Years of underinvestment in new supply, the energy crisis, and the Russian invasion of Ukraine have thrown into sharp relief energy security and affordability. As Europe scrambles to avoid gas and energy rationing in three months’ time, some investors have realized that oil…
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