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Oil giants have been edging towards sustainability, albeit cautiously. “To be fair, the likes of BP and Shell are already trying to make this big pivot and it’s a costly one for them to undertake – particularly given the pandemic and the plunge in the oil price,” Streeter explained. “Now that the oil price is recovering, you would certainly expect them to step up their efforts even more because it does give them more buoyancy to enact that pivot.” However, Streeter added: “There’s lip service paid to the fact that they have these targets but there isn’t so much being done on the ground really to make sure that we’re making those switches to green forms of energy.”

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