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Profitability remains a prerequisite for a credible energy transition—Repsol
Insisting that profitability must be maintained as energy companies transition from fossil fuels to clean fuels has enabled Repsol to ratchet up its climate neutrality ambitions, making the company an industry leader.
Outlook 2023: The role for oil and gas in the energy transition
Upstream M&A activity is not being deterred by the move towards decarbonisation
Outlook 2023: Financing oil and gas in the energy transition
The energy transition creates an enormous opportunity for oilfield services because of the critical role oil and gas still needs to play and because of the sector’s ability to act as lead innovator
Outlook 2023: Building the path to a just energy transition
With the right policies, security of supply should not be an opposing force to decarbonisation
Outlook 2023: Balancing the social and environmental impacts of the energy transition
The current supply crunch has brought concerns of a mismanaged energy transition to the fore for both the developing world and Western nations
No investor punishment for TotalEnergies loosening the purse strings
The European major’s upping of capex forecasts is not ringing alarm bells despite wider shareholder desire for discipline
Letter from South Africa: States and industry eye opportunities
Governments and private firms came together at Africa Oil Week to discuss how to ensure the continent’s hydrocarbons resources do not stay in the ground
Does Repsol point the way again for European peers?
The Spanish firm has form for leading where other firms swiftly follow
Europe must think outside the box on energy independence
Unquestionably, Europe is in a bind. And it may need to be a lot more innovative than its previous blinkered approach to achieve the necessary short-term wins
Letter from South America: Petro plots course for transition
Colombia’s new president has no interest in arresting decline in the country’s oil and gas production
Government funding for oil and gas is becoming harder to justify
Opinion
Subsidies Energy transition
Cleveland Jones
9 November 2021
Follow @PetroleumEcon
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Eliminating fossil fuel subsidies

Increased fiscal pressures and net-zero carbon pledges should pave the way to permanently phase out subsidies

Subsidies are intended to stimulate production and demand for fossil fuels. But in times of deficit, when budgets can hardly accommodate essential health expenditure, it is difficult to justify their use. And fossil fuel markets demonstrate they can survive on their own. Why, indeed, would society want to direct scarce resources towards fossil fuel subsidies? Mainly because industry lobbyists and consumer advocates are working hard to convince lawmakers to do so. It is imperative that society understands their detrimental effect on both markets and the economy, and importantly how much subsidies actually cost. When prices were low and fuel subsidies for consumers could not be justified, most

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