The latest investments in solar have put Galp a step ahead of its peers on the energy transition front. The lack of reaction from the markets highlights the perilous task of the oil & gas industry: switching from oil to renewables means accepting lower returns for a sustainable business.
24 Jan 2020
Low-carbon strategy becomes clearer
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Low-carbon strategy becomes clearer
Galp Energia, SGPS S.A. Class B (GZ5:FRA) | 0 0 1.5% | Mkt Cap: 11,340m
- Published:
24 Jan 2020 -
Author:
Kevin VO -
Pages:
3
The latest investments in solar have put Galp a step ahead of its peers on the energy transition front. The lack of reaction from the markets highlights the perilous task of the oil & gas industry: switching from oil to renewables means accepting lower returns for a sustainable business.