Big Oil has cleaved into two factions. On the Eastern side of the Atlantic, supermajor oil companies in Europe have majorly divested from oil and gas. Reading the writing on the wall, Big Oil in the European Union has made a concerted effort to place itself at the forefront of the green energy transition, pivoting to rebrand itself as Big Energy. Across the pond in the United States, Big Oil has taken an entirely different approach. Instead of accepting the inevitable and imperative move away from fossil fuels, U.S. supermajors have doubled down…
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