I’ll note that several oil majors have made big bets in the past few weeks to the effect that oil and gas consumption will continue to rise for decades to come. If we succeed in maintaining a civilization-supporting planet, people who have not divested from fossil fuels industry will lose a lot of money.
Several oil majors bought US oil assets. Looking at the Biden administrations actions recently, it looks to me as the US wanting to have its close alliance be able to sustain itself on fossil fuels. Right now Russia is in a war and Ukraine is targeting their energy infrastructure. The US is basicly the only country, which can break up wars in the Middle East and the US does not want to do it, due to focusing on China. That is besides most of the oil from the region going to China anyway. Europe is decreasing oil and gas consumption already for obvious reasons.
It almost feels like the US thinks there will be a war in the Middle East disrupting oil supplies. Given the regions history and the current cold war between Iran and the Saudis, that is certainly a reasonable bet. If that were to happen, this would likely be an underestimating the oil savings.