“New Energy Era” – The Rise Of Sustainability Initiatives and Strategic Alternatives in the Oil & Gas Industry



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As the world enters a new decade of the 21st century, oil and gas companies remain under scrutiny on how they plan to tackle the financial and social challenges of their future. With investors and the general public becoming more concerned with the environmental impact and expected demand of fossil fuels, a disruptive transition in the oil and gas industry becomes no longer a question of if, but rather of when it will happen. For oil and gas companies to survive the energy transition, they need to incorporate low carbon or decarbonization projects, improve their ESG metrics, and build public trust. The survivors will be those that adapt to market demands, specifically by planning for sustainability initiatives and strategic alternatives in the coming decades. By undertaking the following strategy and leveraging their resources, oil and gas companies can lead the future energy markets.