Big Oil’s Best Survival Strategy

First, it was an oil price war that pummeled benchmarks into the ground. Then it was the coronavirus outbreak that swelled to a pandemic. Now, a third plague is coming for the oil industry, and it could be the most devastating yet. Calling it a plague is quite unfair, really. The third challenge for the oil industry is the green recovery that environmentalists started talking about during the crisis and now has been garnering growing attention and support from the public and private sector alike. The European Union is spearheading the green recovery.…