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#oilcompanies

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Oil giants are abandoning the energy battlefield, redirecting profits to shareholders.

Major oil companies are not just quitting renewables—they're retreating from energy growth entirely. Rather than investing in future production, oil majors are now diverting more than half of their cash flow to shareholders, a withdrawal that signals "the future of energy is being built around them, not by them."
#fossilfuels #oil #oilcompanies #climate #ClimateChange #energy

harrybenham.substack.com/p/lea

The Manufacturing of Energy · Leaving the battlefield: oil companies are quitting renewables, yes, but also quitting energyBy Harry Benham