KUALA LUMPUR, Sept 18 (Bernama): The impact of the Covid-19 pandemic on the oil and gas industry (o&g), coupled with green agenda activism, could trigger an era of mega-mergers and consolidation among the super majors in the industry, AmInvestment Bank Bhd analyst Alex Goh said.
He said shareholder and green agenda activism is increasingly causing big oil to transition from fossil fuels with plans to expand renewable energy by 6.4 times to 45 gigawatts (GW) with planned capital expenditure of US$200 billion (about RM828 billion) by 2030 from 7GW currently.
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