Like it or not, on a global level we are irrefutably in the beginning stages of a sweeping energy transition that favors clean energy alternatives over emissions-heavy fossil fuels. The COVID-19 pandemic, for all its economic destruction, has in some ways strengthened the renewable energy sector and definitively catalyzed the global green energy transition. Even before the oil price crash of unimagined proportions that occurred in April, oil has been on a long, slow, and mostly steady decline. And now, we’ve arrived at a breaking point: Big Oil’s most profitable business is no longer oil . “Over the past decade, the ‘oil’ companies, whose profits were mostly derived from pumping crude out of the oil fields they discovered, transformed themselves into ‘oil and gas’ companies,” oil strategist Julian Lee wrote for Bloomberg Opinion in an August column . “Now they are evolving once again to become ‘energy’ companies. Shell’s […]