By Tsvetana Paraskova of

The world’s biggest international oil and gas firms continue to pledge lower-emission operations to supply the world with the hydrocarbons it needs and will need in the future.    Unfortunately for Big Oil, not all basins and areas of production are equal, so companies have focused in recent years on investing in the most prolific operations that yield the most profitable oil with relatively lower emissions than in other locations.    

To keep investors in the sector, the largest oil firms continue to tout their progress in reducing emissions. But to create additional value for shareholders via higher returns, companies are prioritizing specific basins and resources they believe will yield the cheapest-to-extract oil and natural gas in their portfolios.  

In the era of ESG investment and the energy crisis following the Russian invasion of Ukraine,

Keep reading this article on Zero Hedge - Blog.

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