Even before the Russian invasion of Ukraine and resulting tectonic shifts around energy politics, there were signs that the “divest from oil and gas” movement might be losing steam. Investors under increasing pressure to address climate change were starting to fall into two camps: (a) those who would divest and (b) those who would engage with companies to create change.
Adamantine Energy advises energy companies on future-proofing against rising social risk.
Tisha Schuller, Principal & Founder of Adamantine keeps you ahead of the coming trends with weekly insights
At CERAWeek earlier this month, Special Presidential Envoy for Climate John Kerry and U.S. Energy Secretary Jennifer Granholm spoke for the first time in their Biden administration roles about the importance of U.S. oil and gas in the context of overall U.S. energy security. Game-changing oil and gas leaders are not squandering the opportunity this rhetorical shift has created.
The oil and gas industry has entered its third year of net-zero climate commitments. Not surprisingly, these commitments are coming under increasing scrutiny from external stakeholders. Your colleagues might interpret this scrutiny as an annoying drag on their timeline for progress. I propose you instead see it as an invaluable source of perspective.