ESG has become a hot topic for oil and gas companies in recent years and its importance is not going away anytime soon, according to Wil VanLoh, founder and CEO of Quantum Energy Partners.
“If our industry is going to continue to attract capital we’re really going to have to up our game as far as ESG reporting,” VanLoh told Hart Energy during a virtual roundtable with Pam Lacey, chief regulatory counsel at the American Gas Association, and John Ale, retired senior vice president and general counsel for Southwestern Energy.
The roundtable, hosted by Hart Energy’s Len Vermillion and Jessica Morales, discussed the oil and gas industry’s position on ESG: What work has been done, how do we advance the dialogue to get industry companies on the same page and are we taking advantage of the opportunity to spread a better message to investors and the public?
The discussion touches on all of those topics and opinions differ. Watch the conversation to hear panelists address it all.
Jump to a topic:
- Companies & investors on ESG reporting (0:35)
- What’s necessary to include (8:32)
- What to report to potential investors (10:43)
- Difference between larger and smaller companies (17:27)
- Examples of handling ESG reporting properly (21:38)
- An opportunity for the industry (27:09)
- Unified standard of ESG reporting (29:55)
- Difference between oil and gas producers? (33:07)
- Service company’s role in ESG (36:00)
- Technology’s role (38:00)
- Industry’s path Forward (42:55)
Laredo Petroleum remains “focused on executing similar, reasonably-priced bolt-on acquisitions around our core position in Howard County,” CEO Jason Pigott says.
Cracks have begun to show in the traditional performance metrics for executive compensation in the oil and gas industry, and there’s a growing push to reconsider them in the new environment.
Martin Midstream’s founder, Ruben Martin, will retire as president and CEO on Dec. 31, but remain as board chairman and will continue to be actively involved in its business development.