COP26 climate talks in Glasgow have begun: For producers, this is a moment of peril.They have to do enough to show they are taking their climate responsibilities seriously, while holding at bay a number of key proposed policy threats.Transition tensions have so far not impacted short-term producer supply policy, but an overly fast-tracked move away from hydrocarbons could challenge Opec-plus’ “no politics” rule. Save for later Print Download Share LinkedIn Twitter “This is not a drill. We are living in the beginning of a mass extinction,” warns activist Greta Thunberg. Oil producers have taken her words to heart, albeit with a radically different interpretation. For them, the threat to fossil fuels is existential and a clarion call for action. In a bid to deflect criticism, many have come out with net-zero target announcements ahead of Glasgow.
