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Big-oil-companies will be worth very little in 30 years
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Oil giants could be in trouble
If you’re looking for an extremely long-term stock pick from billionaire Bill Gates, it is to avoid Big Oil companies. At present the world is moving away from fossil fuels and adopting more clean and renewable energy sources, oil giants that have dominated markets for more than a century could be in trouble, the Microsoft co-founder said in a briefing at the COP26 climate summit in Glasgow, Scotland. Bill Gates sees a role for Big Oil companies and their skill sets in the transition to clean energy but doesn't think all the incumbents will be left standing. Gates further said, cautioned against assuming "new eras are marked by the falling of giants," but added: A few of the big guys I think will make the transition and going further, some of these giants will fall, 30 years from now, some of those oil companies will be worth very little.
Sighting example, the companies like ExxonMobil, BP and Royal Dutch Shell all have seen their stock prices decline over the past five years — especially at the onset of the Covid-19 pandemic, which crippled demand for oil and resulted in huge losses for even the biggest oil and gas companies. ExxonMobil, the largest oil and gas producer in the U.S., lost $20 billion last year. The company still sports a market value of $275 billion — but countries like the U.S. shift their energy policies to fight climate change, and the automotive industry moves toward an electric future, investors are becoming increasingly dubious about the future of oil stocks. Gates has emphasised, a number of oil majors — led by the European giants — have been diversifying into areas like renewables and EV charging and hydrogen, though oil and gas remain their dominant business lines. Gates sees potential in areas like "blue" hydrogen and also noted, "we have a pipeline infrastructure in the United States that probablyBy VARINDIA | 36 views
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Modi Cabinet 3.0 में मंत्री बनने के लिए सांसदों को आने लगे फोन, जानें किन नेताओं को आया फोन?
Modi Cabinet 3.0 में मंत्री बनने के लिए सांसदों को आने लगे फोन, जानें किन नेताओं को आया फोन?
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INH 24x7 Telegram ???? : https://t.me/+22_aahu6_44By Inh News | 148 views
Best XI for the second week of Cricket World Cup 2023 | Best performers of ODI World Cup 2023
Best XI for the second week of Cricket World Cup 2023 | Best performers of ODI World Cup 2023
Check here the top performers of the second week of ODI World Cup 2023. Here are the top players who have given their best to ensure their teams win the World Cup
This content contains the Best players from the second week of the world cup 2023.
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Best XI for the second week of Cricket World Cup 2023 | Best performers of ODI World Cup 2023By CricTracker | 741 views
Dholpur- पुलिस ने फरार चार आरोपियों को किया गिरफ्तार, सहायक अभियंता के साथ मारपीट का मामला | JANTV
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Bigg Boss 17 LATEST VOTING Trend | Kaun Hoga Ghar Se Beghar? | Isha, Samarth, Manasvi, Sana, Arun
Bigg Boss 17 LATEST VOTING Trend | Kaun Hoga Ghar Se Beghar? | Isha, Samarth, Manasvi, Sana, Arun
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Bigg Boss 17 LATEST VOTING Trend | Kaun Hoga Ghar Se Beghar? | Isha, Samarth, Manasvi, Sana, ArunBy Bollywood Spy | 640 views
Special Briefing on the Visit of President of Maldives to India (August 02, 2022)
Special Briefing on the Visit of President of Maldives to India (August 02, 2022)By Ministry of External Affairs, India | 194641 views
अज्ञात व्यक्ति का नहर में तैरता मिला शव, शव की नहीं हुई शिनाख्त
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अभीतक न्यूज़ चैनल लोगों में चैनल होने की ख्याति को बनाए रखता है। चैनल उन मुद्दों को उजागर करके समाज में अंतर लाने का काम करता है जो महत्व के हैं और लोगों के जीवन को प्रभावित करते हैं।
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अज्ञात व्यक्ति का नहर में तैरता मिला शव, शव की नहीं हुई शिनाख्तBy Abhitak News Channel | 203 views
How To : Fuller lips with Easy Techniques - No Lip Liners - No Overlining Ft. Pilgrim Lip care range
Pilgrim, a vegan skincare brand, has announced that it is launching a lip care range, including lip serums, lip balms, lip scrubs and lip sleeping masks, in a range of fun and deliciously fragrant flavours including bubblegum, blueberry, and peppermint.
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Watch My Disney Princess to Indian Wedding Series here - Its fun to watch Indian Avatar of Disney Princesses -
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Facebook: https://www.facebook.com/prettysimplenkBy Nidhi Katiyar | 384077 views
GAIL bringing INDIA together
GAIL India increasing it's capacity and serving all over INDIA.
Watch GAIL bringing INDIA together With HD QualityBy GAIL Social | 727700 views