Ann: Santos announces non-cash impairment, page-19

Yes we all admit that the green solution is the way to go in future as the benefits far outweighs the current emission and pollution, however, realistically, is not going to happen for decades to come.

Considering that we are still consuming 97 million barrels of oil a day and that's still being impacted by Covid -19. The assumption and argument that fossil fuel had peaked is a fallacy. You just have to imagine all the economic stimulation eventually when we get over this virus from all governments around the world to stimulate their economy and everything else takes lesser priority that getting their economy going again. We will see oil demand rise significantly again from this stimulation as the climate change will always take a backseat in order for the economy to grow.

That is why the debate for fossil fuel demand is not a valid consideration for now as we don't do what we say is right or else the consequence is that they will be voted out of government if the consideration is above economic growth