Probably a decade ago, the Saudi oil minister famously said, “The Stone Age didn’t end for lack of stones and the Oil Age won’t end for lack of oil.”
Here’s another indicator that the Oil Age is on the wane. Vitol, the world’s largest oil trader, has just partnered with Low Carbon to set up a renewable fund. They appear to be focused on investments in Europe.
The world's biggest oil trader is setting up a renewable energy fund - Business Insider https://apple.news/AzKscbiT-S5OPalB5cmRfGQ