Survey shows likely energy transition paths for oil and gas companies
Important and different pathways to meet climate goals and keep oil prices stable are revealed.
Edited by Margo Ellis
The pathways to decarbonization are many. Deloitte’s latest survey-based study, “Oil and gas business in a low-carbon world,” highlights four main pathways: “Net-zero pioneers” and “green followers” are now setting their sights on green energy, while “low-carbon producers” and “hydrocarbon stalwart” will likely continue to focus on fossil fuel production, but with many of the latter doing so on a decarbonized basis.
- 47% of oil and gas executives surveyed are currently mapping out near-term decarbonization strategies.
- 5% of respondents are already shifting to green portfolios.
- 30% of respondents currently envision remaining solely focused on oil and gas by the 2040s.
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