HOUSTON—The global push for net-zero emissions has generated several misconceptions about the energy transition, most notably, over whether oil and gas will be exiled by investors, according to finance experts with Citi and J.P. Morgan.

“A lot of folks equate transition with divestment,” said Val Smith, chief sustainability officer at Citi, speaking on a panel at the 23rd World Petroleum Congress (WPC) held in December. However, Smith noted that when Citi announced its net-zero commitment last March, the firm was precise with the language it used to oil and gas clients.

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