Oil giants need to invest heavily in renewables by 2035, says analysis

Slowing demand for oil and forecasts of rapid growth in green power pose risk to core business, says analyst

More than a fifth of investment by the largest oil and gas companies could be in wind and solar power in just over a decade, according to analysis of how global changes in energy will reshape the sector.

Slowing demand for oil and forecasts of rapid growth in renewables posed both a threat and and opportunity BP, Shell and Total among others cannot ignore, said research group Wood Mackenzie.

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