The green energy revolution is redrawing the lines of the global geopolitical map and China is fighting to come out on top. While other energy superpowers such as the United States, Saudi Arabia, and Russia have clung to their prodigious oil and gas industries to varying degrees, China has gone all-in on establishing their own energy security and independence, a large portion of which will soon be sourced from clean energy resources. Europe has largely pivoted away from oil and gas in the past few years, recasting its Big Oil companies as Big Energy. Indeed, on the other side of the Atlantic Big Oil’s most profitable business is no longer oil as the companies derive more and more of their profits from trading rather than extraction. In the United States, oil supermajors have taken a far different approach to the impending existential threat of climate change and the clean […]