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Shell’s short-term thinking
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Shell’s short-term thinking

Big Oil is winning the market battle, but losing the climate war

Seb Kennedy's avatar
Seb Kennedy
Jun 28, 2021
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Shell’s short-term thinking
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Viewed through the short-term lens of capital markets, Big Oil has won the argument. Demand is soaring, ESG pressures have constrained upstream investment and a supply shortfall might push Brent into triple digits. IOCs that pursue a leisurely transition into diversified energy companies will reap near-term rewards, but expose themselves to ever greater…

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