The Oil and Gas Industry in Energy Transitions
Insights from IEA analysis
The oil and gas industry is facing increasing demands to clarify the implications
of energy transitions for their operations and business models, and to explain the
contributions that they can make to reducing greenhouse gas emissions and to achieving
the goals of the Paris Agreement.
The increasing social and environmental pressures on many oil and gas companies raise
complex questions about the role of these fuels in a changing energy economy, and
the position of these companies in the societies in which they operate.
But the core question, against a backdrop of rising GHG emissions, is a relatively
simple one: should today’s oil and gas companies be viewed only as part of the problem,
or could they also be crucial in solving it?
Published on February 26, 2020