Strategic realignment of the core business, growing investments in renewable energies, expansion into the power sector â more and more major oil companies are responding to pressure by investors, NGOs and politicians and announcing the decarbonisation of their activities. Nevertheless, investments in oil and gas exploration still account for the lionâs share of their long-term investment budgets. How does that fit? Will everything remain unchanged or are the largest emitters of CO2 now becoming eco-friendly companies? Here is what Björn Broda, Head of Corporate Strategy, Communications & Public Affairs within renewables developer juwi Group has to say about the competitive environment in the wind and solar sector and the effects of the decarbonisation announcements on project developers, energy suppliers and financial investors.