OIL GIANTS should split into separate smaller companies in a bid to boost investment into the world's renewable energy transition, the former boss of
Both
However,
"The former is rapidly growing, less capital intensive and valued at a premium by investors, whereas the business of hydrocarbons is capital intensive, unloved by the market and in decline," he wrote in
Browne added that the move would help unlock how much low-carbon businesses are actually worth.
His comments come as
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