Artemas Wealth Management

Big Oil faces up to a future beyond petroleum

July 14, 2020

Where to for oil? The price of oil recently dropped briefly below zero and Chesapeake Energy, one of the largest producers of oil and gas in the United States, has just filed for bankruptcy...

Article The FT View June 16 2020

Big Oil faces a future where it may not be so big, and may have less to do with oil. The industry has faced an increasingly uncertain future as climate change has moved to the forefront of the public’s consciousness. Investors, too, have stepped up their calls for action. Now the coronavirus pandemic, by radically cutting demand for oil and gas and giving governments the whip hand in directing the revival of their economies, looks likely to accelerate the long-term shift away from fossil fuels in many nations. Continue reading here.

 

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