Oil and Gas Sustainability Strategies: ESG Fact and Follies

As the hydrocarbon industries face intensifying pressure from stakeholders to emit less, nine oil and gas leaders share their viewpoints on how the industry should deal with expectations versus reality and why that might cut across the grain.

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[Editor's note: A version of this story appears in the November 2021 issue of Oil and Gas Investor magazine.]

The pressure to mitigate climate change pervades discussions about energy today, particularly within the oil and gas realm. Hydrocarbon-producing companies are tasked with either lowering or offsetting carbon emissions within their capabilities. Yet while most agree that lowering emissions is a worthwhile strategy, not all agree with third-party objectives steering the outcomes.

Two panels at recent major industry events tackled these questions on ESG as it relates to capital investments and the industry’s path to Scope 1, 2 and 3 emissions targets. At NAPE in Houston, panelists included: Kaitlyn Allen, president and CEO, Global Affairs Associates LLC; Ale Veltmann, founder and CEO, ESG Lynk; Craig Webster, sustainability advisor and director of ESG and sustainability, Tudor, Pickering, Holt & Co.; Brooke Baum, sustainability advisor, Devon Energy Corp.; and Michael Rubio, general manager, ESG engagement and sustainability, Chevron Corp.

At the Colorado Oil & Gas Association Energy Summit in Denver, panelists included Kristi Pollard, principal, P2 LLC; Alanna Fishman, managing director, strategic communications, FTI Consulting; James Reddinger, former CEO, Stabilis Solutions; and Chris Wright, CEO, Liberty Oilfield Services.

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