• Landscape view looking out across a large body of water. Land is just visible on the horizon, there is a line of trees on the shore, and in the immediate foreground there is a rough stone wall.
An oil rig can be seen over the horizon of the sea against a bright orange sky

How should Big Oil spend big money?

by Ernesto Bonafé Big Oil faces an existential question: How to spend its very large and, for some, ‘windfall’ or ‘excessive’ profits at a time when the consumption of oil, gas and coal is expected to reach its peak in the near…