A significant portion of oil and gas CEOs have committed their organizations to a specific target: net-zero emissions by 2050 or sooner. It’s going to take a shift in mindset to achieve this goal.
There was talk when the COVID-19 crisis hit that it would sidetrack, at least temporarily, the oil and gas industry’s “beyond the barrel” diversification into new, more sustainable lines of business and, in doing so, set back global efforts to decarbonize the energy mix in order to address climate change.
Instead, the opposite has happened, at least for the dozen or so super-majors whose CEOs comprise the Oil and Gas Climate Initiative (OGCI).
Read more in this recent article in Oilman Magazine.