Europe’s largest oil and gas companies are leaving US rivals further and further behind in the race to cut their reliance on fossil-fuel sales. Total SE, Galp Energia SGPS SA, Equinor ASA, Royal Dutch Shell Plc and Eni SpA are leading the pack, while Exxon Mobil Corp and Chevron Corp are among the laggards, according to newly released climate-transition scores from BloombergNEF and Bloomberg Intelligence. A big reason for this state of affairs is that Europeans are investing far more in renewable energy, battery storage, electric-vehicle charging points, carbon-capture technology and other decarbonisation efforts, said Jonas Rooze, head of sustainability research at BNEF. For example, five
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