investor groups that it's going to do more in the future now for more on this want to talk to derek conway he's legal counsel for climate focus that's an advisory group specializing in climate change and there joins me from amsterdam welcome to the show 1st of all. exxon has said that it believes that oil and gas are still viable in the decades ahead especially as other big oil majors focus on renewables that there's still area there for it it is their business case that it's made. well if we want to hit the climate targets that the world has agreed in the paris agreement the really isn't so we have very very little space for more oil and gas research has shown that even if we exploit all the oil and gas in the field currently in operation we already overshoot our targets so really oil and gas is yesterday's business and tomorrow's business is renewable energy green hydrogen and electric vehicles now out there to some extent b.p. and shell have embraced renewables a bit and yet investors are really sold on them so why is that well i think firstly you know b.p. and shell they're taking baby

derek conway there across europe ongoing lockdowns on slovak scene role lights are contributing to make 50 businesses in particular are growing increasingly tired of restrictions and are seeking a papa towards a reopening one area that could offer some hope is the increasingly widespread availability of home tests. more protests against the ongoing lockdowns this time hospitality workers indecl doff took their frustration direct to their state parliament they want chancellor angela merkel's government to ease covert 19 restrictions and allow them to open again rapid ended in tests which people can perform themselves are seen as one possible way to make that wish come true. now from mindon g.m. b.h. was one of the 1st companies in germany to launch a covered 19 rapid antigen test that reliably detects the call of 2 corona virus. the company has produced and stockpiled 40000000 rapid tests now they're waiting for government approval to put them on the market they hope the tests will become part of the strategy to contain the pandemic in germany have a well known need a broad strategy that

investor groups that it's going to do more in the future now for more on this want to talk to derek conway his legal counsel for climate focus that's an advisory group specializing in climate change and there joins me from amsterdam welcome to the show 1st of all. exxon has said that it believes that oil and gas are still viable in the decades ahead especially as other big oil majors focus on renewables that there's still area there for it it is their business case that it's made. well if we want to hit the climate targets that the world has agreed on the piracy agreement the really isn't so we have very very little space for more oil and gas research has shown that even if we exploit all the oil and gas in the field currently in operation we already overshoot our targets so really oil and gas is yesterday's business and tomorrow's business is renewable energy green hydrogen and electric vehicles now out there to some extent b.p. and shell have embraced renewables a bit and yet investors are really sold on them so why is that when i think firstly you know b.p. and shell they're taking baby

percent leaving the company with a pandemic based loss of almost 22000000000 earlier we spoke to derek conway he's a legal counsel for climate focus on advisory group specializing in climate change we asked him if there was still room for oil and gas as the world tries to break its dependence on fossil fuels research has shown that even if we exploit all the oil and gas in the fields currently in operation we already overshoot our targets so really oil and gas is yesterday's business and tomorrow's business is renewable energy green hydrogen and electric vehicles unfortunately the regulatory frameworks in place are still favoring v incumbents are still favored northern gaza. governments around the world are continue continuing to subsidize fossil fuels to a massive massive extent and certainly that's the case in the us is the case here in europe and it's a case in a lot of major oil producing countries in the middle east china knows where. dara conway there across europe ongoing locked eyes on slovak seen rollouts are contributing to make 50 businesses in particular are growing increasingly t