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Energy & Science

Top Traders Seek to Grab the Best of Old and New Energy Worlds

  • Commodity trading houses invest both in oil and in renewables
  • High oil prices might support green investments: Vitol CEO

The world’s largest commodity trading houses are preparing for a divided future: with one foot in oil and the other in renewables, they are positioning themselves to capitalize on the energy transition.

There is no contradiction in investing both in conventional and clean energies, and high oil prices might even boost investments in renewables, according to Russell Hardy, chief executive officer at Vitol.