By Marcelo Magalhães*
(Opinion) The new management of Petrobras has been signaling a renewed focus by the company on projects and investments related to the energy transition.
Despite the fears of market analysts and investors, this strategy is very much in line with what Petrobras’ main peers have been doing in the international market, the so-called “majors”.
Although these companies generally do not have relevant state participation, they are led to bet on the energy transition by the influence of investors, activists, and strategic issues of the countries where they are headquartered or have operations.
Wood McKenzie’s . . .