Return of the fossil fuels

The reality is grim. Green energy is in retreat. The battle against climate change, which has put the oil and gas industry on the defensive for some time now, is weakening. The changing political map of the world, taking a right tilt all around — from the Americas to Europe — is helping industries wriggle out of the situation.

The changing political map has pushed the climate battle on a back burner, making net-zero targets a more difficult task to achieve in most parts of the world. China...