As oil prices nudge back up to $70, the industry is waking up and flexing its financial muscles again, but it is not just investing in new oilfields, it is also putting increasing amounts of money into clean energy, a strategy that at first glance seems counter-intuitive. However, closer examination suggests that the strategy makes good sense for oil and gas companies.
Read MoreBP on Monday published a new report setting out its commitment to a low carbon future and to helping meet the dual challenge of providing the increasing energy the world demands while at the same time working to reduce greenhouse gas emissions.
Read MoreMaria van der Hoeven; Executive Director, International Energy Agency (IEA) and Fatih Birol, Chief Economist, IEA invite you for the launch of World Energy Investment Outlook, a Special Report from the IEA’s World Energy Outlook 2014 to take place on Tuesday, 3 June, at 10:00 a.m. London time; Hilton London Tower Bridge 5 More London Place, Tooley Street, London SE1 2BY.
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