5 February 2021
How majors can thrive in the age of transition – part two
Oil and gas majors need to comprehensively reimagine their future, ending the central role played by fossil fuels and plastics in the economy globally. This instalment examines short-term strategies, including the preserving the social licence to operate
This series of articles explains how the majors with an interest in longevity should respond if they want to meet the various, often conflicting, demands from their stakeholders. A comprehensive energy transition strategy would enable the majors to manage these financial and non-financial demands, and thereby ensure their continued success during the age of the third energy transition. At present, the most critical risk facing the oil and gas industry is losing its social licence to operate. The immediate strategic priority of the majors should therefore be decarbonising oil and gas operations. This requires, firstly, a change in the way portfolio investment and divestment decisions are made
Also in this section
14 January 2025
Bioenergy will be a key part of the energy transition as the world decarbonises, and Brazil is set to be a major player in the sector
14 January 2025
The region has ample resources of both gas and renewable energy and developing both will be vital to the global effort to reduce emissions
13 January 2025
The region’s fast-growing economies stand at a pivotal juncture, with the opportunity to drive a sustainable growth strategy that will keep the world’s net-zero ambitions alive
10 January 2025
Global energy demand keeps rising, and digital technology will play a crucial role in both meeting that demand and doing so in a sustainable way
