IOCs must clarify strategies to retain investors – IP Week

Investors are nervous about energy companies’ ability to chart a path through complexity to zero-carbon future

The next decade will be defined by the transition and oil and gas companies will only win funding from investors if they have a clearly thought out strategy and the ability to articulate it, according to a panel of investment experts speaking at the Energy Institutes’ IP Week today.  “History has stopped being a guide to the future and that creates uncertainties,” says Martijn Rats, global oil strategist and head of European energy research, Morgan Stanley. “The renewables market is in its infancy and not in a position to absorb the huge amount of capital that is chasing opportunities. This creates a difficult question of how quickly you go ‘out with the old and in with the new’.” According