The Energy Transition

The Energy Transition

We are confronted with an unprecedented challenge. Our planet is warming at an unacceptable rate. Over the next few decades, we must transition responsibly from our current energy mix to one that works to achieve net zero global emissions. In this transition, what are the challenges that confront our industry? What will impact our companies in terms of governance, public policy, reputation, valuation, and societal acceptance? Impacts on the economy, careers and society must be taken into account in the strategy and decision making processes at the highest levels of corporate boards and executive committees, and their relationships with governments and other stakeholders, such as NGOs and customers. Dysfunctionality of today’s US governance system is a sober concern as it affects long range planning of energy supply, infrastructure and the environment. Are there opportunities as well as challenges? Yes.