PE Live: Funding for the energy transition remains robust

Oil and gas companies are largely maintaining their investment in the energy transition. If they do not, there are plenty of other firms looking for opportunities

While depressed prices for oil and gas mean producers have lower revenues with which to invest, it is far from clear that there will be less capital available for the energy transition, according to the speakers at a PE Live webcast on the energy transition. “It is limiting the capacity of IOCs to transition—they have got less cash to do so,” says Anne Lapierre, partner, global head of energy at law firm Norton Rose Fulbright. “But they are still very wealthy companies. And it is not a matter anymore of greenwashing, it is a matter of surviving.” If IOCs decide to scale back their transition ambitions there are plenty of other companies looking at potential opportunities. “It is important to