One more major playing the Politically Correct game. maybe the Oil & Gas industry is in need of new players. As the existing ones just don’t want to concentrate on their real mission which is to provide affordable energy to the world in order to stave off economic chaos. Instead, they are on a virtue-signaling speed that will eventually cost its shareholders and customers dearly. But why would the current management care? Those consequences will materialize only after they have caused in their fat bonus cheques for being sheep rather than leaders.
Italian energy giant Eni has announced a major overhaul and it will create two business units in a shift toward energy transition.