Energy Transition long way to be real

Energy Transition whose concept includes the matters of energy technology or fuel sources, is naturally posed with "Climate Change". Fossil fuels are typically targeted in such discussion because of Carbon dioxide (CO2) being produced and pollution, too.
While the Energy transition is an idealistic concept, the reality seems be that people on this planet continue reliant on fossil fuel including oil as much as now. According to the report OIL 2018, it indicates that world oil demand increases by more than 5.5% until 2023. World Oil Outlook of Opec in 2017 has also indicated that Eurasia primary energy demand of oil, coal and gas increase 0.6%, 0.5% and 0.7% per year respectively by 2040. Nuclear energy demand is expected to outpace those energy sources, but it is behind higher risk at accidents, which was reminded from Fukushima disaster in 2011.

Big players in the market, are ironically investing into the oil production infrastructures these days, according to the below sources. Perhaps, it is too early to restructure your portfolio, adapting to Energy transition, unless your investment horizon is beyond next 50 years?

[Bloomberg] KKR, BlackRock Are Set to Invest $4 Billion in Adnoc Pipeline
KKR & Co. and BlackRock Inc. are set to invest in Abu Dhabi National Oil Co.’s pipeline network in a deal valued at $4 billion to $4.5 billion, according to people familiar with knowledge of the matter.

[The Economist] ExxonMobil gambles on growth
A fossil-fuel titan’s strategy is at odds with efforts to hold back climate change
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On February 1st the company announced annual results, declaring itself on track for ambitious growth. By 2025, oil and gas production will be 25% higher than in 2017.