Why Big Oil is back — and what it means for net zero

They thought it was all over for fossil fuels, but two big energy deals in the US could put net zero on the back burner, writes Jon Yeomans
ILLUSTRATION BY HAYLEY DALRYMPLE

London’s annual Oil & Money conference has a new name: Energy Intelligence. But a slick rebrand isn’t enough to fool climate campaigners at Fossil Free London, who blocked access to the InterContinental hotel on Park Lane this month with a noisy protest. Climate-change warrior Greta Thunberg was arrested and charged with public disorder, while the demonstrations outside were so large that Shell boss Wael Sawan could not get in. He had to address the conference via Zoom.

Even as campaigners vented their fury at an industry they accuse of a callous disregard for the planet, thousands of miles away in San Ramon, California, executives at the energy giant Chevron were putting the finishing touches to a $53 billion (£43 billion) deal to buy US rival