For many, many decades, the oil & gas industry has been at the heart of delivering on increasing energy demand. This has allowed many areas in the world (and, frankly, the industry) to develop and prosper, in line with fundamental global political and macro-economic beliefs. However, it seems the climate challenge has changed this perception of our industry: increasingly, the phrase "fossil bad, renewable good" is heard. National governments in Europe are developing extremely ambitious goals to reduce CO_2 and abolish fossil fuels in the heating and mobility sectors. Oil & gas producers are accused of lying to investors about the CO_2-implications of fossil fuels and the European Investment Bank has ceased to provide funds to "fossil fuel projects".
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