“The world is in a transition between an era dominated by fossil fuels and one focused on a low-carbon economy,” David Koranyi wrote in a report for the Atlantic Council. “While the speed, timing, and details of the transition are highly uncertain, the direction should be clear: toward a low-carbon future.” Koryani argues that there are a several drivers pushing the world in this direction, including falling costs for clean energy technology, consumer preferences, government policy, international agreements and pressure from various stakeholder groups. Even shareholders of oil companies are pressing executives to make the transition to cleaner energy. Oil companies are responding in different ways with varying levels of urgency. Some companies are making significant investments in renewable energy, electric vehicles and associated infrastructure, and utilities. Others are dragging their feet, clinging to their oil and gas assets while fighting public policies that promote energy transition. One key […]