Investors Skeptical of Big Oil’s Green Plans ...Middle East

Only a minority of institutional investors in oil and gas seem to believe that Big Oil will be able to pull off a green transition, the Financial Times has reported, citing research from Procensus. The company surveyed 64 institutional investors with some $11 trillion in assets under management and found that only 17 percent of them believed that Big Oil could become Big Energy with its pivot to renewables. “Big Oil’s greening efforts have moved into overdrive but investor consensus remains unconvinced about their ability to reinvent…

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