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A major oil company will turn its back on fossil fuels

A former industry advisor predicts that one of the major IOCs will take the step in the next three years

At least one of the major oil companies, perhaps Total or Statoil, will turn its back on fossil fuels within the next three years, following in the footsteps of European utility E.ON, a former industry advisor predicts.The day after Jeremy Leggett, an award-winning scientist, who has had consultations on climate change with senior oil company executives over the past 25 years, aired his views in public, he received a plethora of “interesting emails”, including one from a former senior BP executive. “He said that I’m making a very big bet, but he added it would take at least five years,” Leggett, who has advised both BP and Shell in the past, tells Petroleum Economist.The green-energy entrepr

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