Reuters exclusively reports Mercuria bulks up energy transition team with BP, Shell hires

Reuters exclusively reported that global commodity trader Mercuria is aggressively expanding its energy transition business, snapping up employees from oil majors BP and Royal Dutch Shell. The hires illustrate the rush in the energy industry to recruit staff with knowledge of carbon trading and renewable fuels markets as the world transitions to cleaner energy sources in a bid to fight climate change. Investment firms and commodity merchants, including hedge fund Citadel, Gunvor Group and Trafigura, have bolstered and are looking to expand U.S. teams that specialize in trading renewable fuels.