Taking the leap: Where do IOCs fit in the investment landscape for renewables?

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Investing in the energy transition has presented many complexities for the sector as it grapples with defining the best strategy for making the shift. Key considerations being made by majors and banks are timing, risk management, and perhaps most crucial is deciding what to do with thriving fossil fuel businesses. At this nascent stage in the transition there are no proven strategies, and for firms that have relied on many years of proven gas and oil value chains, making the plunge into renewables presents undeniable uncertainty.