Eni mulls green spin-off to relieve shareholders of low carbon burden

Oil investors don't want to fund low-risk, low-reward renewables projects

Nobody buys shares in oil companies in order to finance renewables. Oil investors want high-yielding investments that support above-market dividends, not low-risk, low-reward wind farms and solar arrays. This is partly why the oil majors allocate paltry sums to low carbon ventures, despite the evident need for them to diversify and decarbonise. How to r…