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Big oil wisely acts as a climate ally, but the rising crude price is far from net zero
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Executives at big oil and gas companies, at least the European ones, have spent the past two years trying to change the narrative. The likes of BP and Shell have trumpeted their net zero plans, declared themselves to be “transitioning” to a cleaner energy future and talked up the historical significance of new targets. Think of us as part of the solution, was the message.
To climate activists and politicians demanding faster decarbonisation, the industry’s reply has been that switching off
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