Decarbonizing the world’s fossil fuel-based energy system is one of humanity’s greatest challenges. It also represents one the greatest opportunities to make global energy supplies more available, more reliable and affordable than ever before.
While we believe net-zero emissions by 2050 isn’t possible, an 80 percent reduction is. Achieving that goal requires bold action, as well as bold moves into sectors that depend on hydrocarbons today. It also calls for ambition.
Oil and gas companies have the opportunity to lead the transition. We outline what we consider to be the only three viable options for oil and gas companies moving forward. Companies can choose only one path to follow.