December 2020, Vol. 247, No. 12

Features

Oil Companies Ponder Ability to Mount Renewables Push

By Tsvetana Paraskova, Energy Writer   It was not that long ago that large oil companies began announcing plans to overhaul long-term strategies to soothe investor concerns about climate change and become part of the solution in the energy transition – and then came the big oil price crash of 2020.   An oil pump powered by solar panels. The crash upended the short-term plans of major oil and gas firms, which had factored in oil prices between $50 and $60 a barrel when coming up with their investment strategies.     With oil prices now in shambles, the industry is faced with a dilemma in regard to energy transition plans: Can companies afford to

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