Carbon Tax Vital in Energy Transition, Oil Execs Say

A carbon tax will be required to accomplish the transition to cleaner forms of energy, according to panelists of oil industry executives speaking during a recent forum.

It will also require more than oil and gas companies making changes, they said.

“If you want society—and it’s not just the oil and gas space—to drive a big change, you need government and legislation to drive that change across all of the industries in a common way,” said Daniel Fitzgerald, COO of Norway-focused offshore player Lundin Energy.