Energy companies should transition for profitability
Next oil and gas windfall will come from transition
Ability to attract ESG capital will become key differentiator for energy companies as the transition advances
The recent UN climate panel report’s message was clear: act now or it will be too late. Fossil fuel usage accounted for 91pc of global emissions in 2022, and energy once again took centre stage. Regulators are finally getting into gear, adopting policies that will force companies to stop kicking the can. The UK government, for example, just announced plans to require major companies to disclose net-zero transition plans. But energy companies should not just act for reasons of science or regulatory pressure, they should transition for profitability. The competitive differentiator for oil and gas will be a company’s attractiveness to ESG capital, and this will be won by those who can demonstra
Also in this section
27 May 2025
EU Parliament and Council both agree to exempt bulk of importers from paying a carbon tax on goods imported into the EU
27 May 2025
Carbon capture, utilisation and storage needs stable policy, investable frameworks and coordinated infrastructure if it is to be developed at scale
19 May 2025
The two Gulf states are combining fossil fuel production with ambitions to become leaders in low-carbon energy
14 May 2025
Deal with Calpine shows oil and gas major ExxonMobil has no intention of curbing its CCS ambitions, despite US policy risks and broader scepticism over the energy transition
