Carbon capture and sequestration (CCS) is recognized as an important decarbonization tool, yet opposition is mounting. Companies must build support for this resource as the energy transition unfolds.
At first glance, it may seem as if investors are pumping the brakes on climate proposals, but hawkeyed executives will recognize that activist investors are finding innovative ways to pressure companies and drive change.
I’ve talked to dozens of oil and gas executives for my upcoming book — and the more conversations I have and the deeper I get into the writing, the more I realize that every single component of your company’s energy transition strategy needs to be about people.
All policy strategies based on partisanship inevitably become dated and irrelevant, like poor Fonzie when he jumped the shark. Game-changing leaders make their political strategies shark-proof (resilient) by being proactive, bipartisan, measured, and deliberately long-game.
Since I last wrote about hydrogen, in September 2021, interest in hydrogen as a pillar of the energy future has gained enormous momentum. The infrastructure bill signed into law by President Joe Biden in November dedicated $9.5 billion to support the hydrogen industry and prompted 14 states and hundreds of private companies to partner to apply for regional hydrogen hubs.
The definition of EJ is continually evolving, shaking up our permitting landscape, resulting in ever-changing expectations of your company. With the goalposts quickly moving and new EJ tools launched every few months, I want you prepared to engage positively and proactively. In this second part of a two-part series, I explore the tools you need, actions you can take, and — most crucially — the mistakes you should avoid so as to authentically incorporate EJ into your strategy.