The tug-of-war for the future of Big Energy. 🛢️

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There is a big tension for the big
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energy firms because on the one hand
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they face activist pressure from some of
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the American shareholders to be much
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more pro oil to try and exploit the oil
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capabilities as much as possible. But on
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the the more European shareholders say,
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well that should not come at the expense
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of your climate goals and they also
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worry about the sort of long-term
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trajectory of oil. You know, it's fine
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if you're making more profit from oil
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today or tomorrow or next year, but what
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about 10 years from now or 20 years from
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now? What's the long-term strategy?
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That's what some of the European
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shareholders are asking.

The tug-of-war for the future of Big Energy. 🛢️

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The tug-of-war for the future of Big Energy. 🛢️

City AM