Ernst & Young recently surveyed 300 executives from 16 countries with at least $1billion in annual revenue on their plans surrounding climate change. Twenty respondents represented the oil and gas industry. Here’s what they said…
- 85% said their organization currently has an enterprise-wide climate change program or will launch one in the next 12 months.
- 80% expect climate change spending to increase between 2010 and 2012.
- 90% communicate greenhouse gas or carbon emissions data in an annual corporate social responsibility or sustainability reports.
- 72% of those have greenhouse gas or carbon data verified by an independent third party.
- Across the board, O&G companies are launching climate change initiatives to
- generate new revenue opportunities,
- respond to competitive threats,
- respond to customer demand,
- preserve and protect the company brand, and
- reduce energy and carbon costs and prevent regulatory fines or penalties.
2023-12-29 - Lapis Energy CEO Reg Manhas says the oil and gas sector’s expertise will provide the world with energy while leading the next phase of the energy transition.
2023-12-28 - Pinnacle CEO Ryan Sitton discusses the energy transition and the human factor.
2023-12-27 - Talos Energy CEO Tim Duncan discusses the courage and commitment of the past that can power oil, gas and low-carbon efforts for the decades to come.
2023-12-26 - Gary Petersen, a co-founder of EnCap Investments, talks about his firms role in the shale revolution and how the capital provider made its mark.
2023-12-22 - Ken Waits, CEO of Mewbourne Oil Co., says the energy transition is really an energy addition that will require renewables to power the world alongside other forms of energy, including oil and gas.