Why Big Oil needs to consider spinning off their renewables and new-energy businesses | Energy Central

Why Big Oil needs to consider spinning off their renewables and new-energy businesses | Energy Central: The best perfoming energy stocks over the past five years were all renewables-focused. Companies like Enel, Iberdrola, NextEra and Orsted have significantly outperformed the Big Oil companies.What’s interesting though is that the worst performing oil and gas companies were also those most aggressive about decarbonisation, namely Total, Shell, BP, Eni and Repsol. It begs the