Investors could be forgiven for believing there was no future in the oil and gas sector when listening to global politicians talk about 2030 targets of renewable energy production and emissions reduction. Clearly a world that is powered by green renewables is a desired outcome, but calling the death of oil and gas would seem premature.
Josh Snyder, global investment strategist at GQG Partners, says there is no truth in the belief that if everyone drove electric vehicles (EVs), the air quality will suddenly improve. Snyder is very much for renewable energy, but believes the global discussion around the energy transition is unrealistic; he thinks the role of oil and gas in the energy transition is likely to be measured in decades, not years.
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Mark Draper is a financial adviser with GEM Capital Financial Advice.
![“We’re having a birthday party for [daughter] Rada in a few weeks and we’re going to get the truck to come, which is a real flex,” O’Neill says.](https://static.ffx.io/images/$zoom_0.7012%2C$multiply_2%2C$ratio_1.777778%2C$width_1059%2C$x_732%2C$y_641/t_crop_custom/c_scale%2Cw_600%2Cq_52%2Cf_auto/b5e4395344f07ccd1e3a348af02af77c8eeb8d1b)
