It may seem counterintuitive, but a majority of oil majors believe a successful energy transition will require an increase in fossil fuel production While each oil major differs in its strategy, nearly all majors are attempting to lower the emissions associated with their oil production so they can take advantage of the profit While some banks are supporting oil majors in this goal, environmentalists are pushing for a complete end to oil and gas production Several international oil supermajors are planning to boost production while also promising to decrease their greenhouse gas emissions over the next decade and beyond. This seemingly counterintuitive strategy is the result of pressure from international organizations to decarbonize and the continued climb of energy demand around the world. Royal Dutch Shell, Eni, TotalEnergies, and Repsol are among the supermajors pledging net-zero carbon emissions targets by 2050. However, oil and gas firms have varied approaches […]