However, even with these obstacles, oil and gas remain an important part of the energy mix, especially in developing regions. Amidst a global energy transition, the demand, financial, and social future of oil and gas companies is increasingly in question. Climate Change & Climate Action Energy & Environment Executive summaryĪs the third decade of 21st century begins, the oil and gas industry faces opposition from a public greatly concerned with the environmental impact of fossil fuels, ever-more skeptical shareholders, and challenges from policy makers seeking to simultaneously meet decarbonization goals and expected oil and gas demand.
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