Illustration; Source: Worley

In focus: Tackling energy trilemma with oil & gas industry calling the shots

The energy and climate crises are not a mirage and neither will go away just because one wills it to do so, thus, getting to grips with both is no easy feat. However, the delivery of low-carbon energy infrastructure is often seen as the solution for handling both, but this requires a significant ramp-up in investments. With the global oil and gas industry’s income skyrocketing to nearly $4 trillion in 2022, many are of the opinion that this sector holds the purse strings. Will it tighten or loosen them to invest a considerable chunk in the clean energy transition?

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