One company’s transition away from fossil fuels is another’s opportunity to double down.

Under intense pressure from investors and activists to take more action on climate change, some of the world’s biggest oil and gas companies are putting billions of dollars’ worth of assets up for sale.

Watching from a distance are people like Brian Gilvary, the head of Ineos Energy, an arm of the private UK chemicals company. As many energy companies try to shift from oil to gas and lower-carbon technologies, Ineos is buying up unwanted fossil fuel assets.

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