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
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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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