NATIONAL PUBLIC RADIO • June 8, 2021
Big Oil is standing on the precipice of something. But no one can agree what it is. A long, slow decline? An abrupt collapse? A remarkable reinvention? Mounting urgency about climate change has finally reached the boardrooms of Exxon Mobil, BP, Shell and other international oil companies. Under intense pressure, these companies are universally pledging to prepare for a low-carbon or "lower-carbon" future. But there's no consensus what a future with less oil would look like for companies that have been greatly enriched by the fossil fuels driving climate change.