I repeatedly find myself in conversations where I start somewhere “in the middle” on what oil and gas companies need to do to thrive in a time of continuous disruption: engage millennials, share aspirations, take the leadership mantle. And company leaders want to do with me what they are doing with the skeptical public: explain the need for energy and why the world needs them.
Recent news confirms how important it is for your company to 1) get its political spending accounted for and 2) make this spending part of your climate leadership strategy.
Shell is one of the most progressive oil and gas majors in the world, with an unparalleled level of climate analysis, commitment, and detail in their strategic planning. Yet to the shock of many, Shell was recently hit with a devastating legal blow that will make many oil and gas leaders question the very nature and effectiveness of climate stewardship by any oil and gas company — asking, Why should we bother?
Over the last 18 months, Both True readers have been watching BlackRock closely, following the world’s largest asset manager pivot to prioritizing climate action for its portfolio companies. But BlackRock isn’t the only firm generating investor momentum around climate action.
Our summer “What to Watch” series has one goal: to translate the hyped-up headlines into key takeaways for oil and gas leaders. Have no doubt that two of the three disruptors (rise of the millennials and mainstream environmental activism) are key drivers in Exxon’s board shakeup. But at Adamantine, we are interested less in what caused the board shakeup and much more in how it’s playing out in the real world — and what those details signal for your company. Read on to find your game-changing takeaways.
Plenty of oil and gas realists have critiqued the International Energy Agency’s (IEA) roadmap to net zero by 2050. Instead, I want to look at the opening it creates for game-changing oil and gas leadership.
Based on its title alone — apocalyptic and unproductive — Bill Gates’s new How to Avoid a Climate Disaster is not a book I would normally recommend to Both True readers. But it is precisely that apocalyptic framing that will attract readers to How to Avoid a Climate Disaster. And that is something — believe it or not — that you will want to celebrate.