When the global oil industry held its biggest annual gathering this week in the Swiss town of Davos, it invited banking bosses and fund managers to discuss two key topics – climate change and pressure from investors. The conclusion of the discussions was worrying for those present – pressure is rising and the industry is losing a battle not to be seen as one of the world’s biggest evils. The answer? Lure investors with higher returns and raise the PR game. “There is no doubt – and there is a consensus coming here in various meetings in Davos – that our industry is literally under siege and the future of oil is at stake,” said Mohammed Barkindo, secretary-general of oil producer group OPEC. “The industry needs to come together and […]