The past 15 months or so have been difficult for many industry sectors – and energy has been no exception.
Over the next 12 months, the industry globally will certainly face continued uncertainty, with challenges in predicting the speed of recovery to the next ‘normal’ economy, and differences by region.
Despite this, and at least in part because of it, the ongoing drive to sustainability undertaken by many of the leading global enterprises across the sector will continue as energy businesses must find ways of becoming greener and more efficient and profitable at the same time. They must satisfy financial markets, shareholders, employees and customers.
Societal lockdowns acted as a catalyst. As people were forced to stop driving or flying, carbon emissions fell, as did demand for transportation fuels.
With the evidence that people’s behaviour can palpably impact global CO2 loading, corporate momentum, across the energy sector shifted perceptibly towards more aggressive sustainability targets.
Now the challenge is to meet those targets. A survey...read more...