Is the COVID-19 crisis spurring a transition to net-zero emissions in the oil and gas sector? 02/12/2020
"Almost all economic sectors have suffered due to the evolving COVID-19 crisis. For the oil and gas industry, already battered on one side by low prices due to an oil price war between Russia and Saudi Arabia, and on the other by the push to decarbonise the global economy, the crisis hit at an especially challenging time.
Nevertheless, an increasing number of international oil and gas companies have set out seemingly ambitious goals to transition to “net-zero” carbon emissions by 2050. What is behind these new announcements? Are they just greenwashing, or do they represent a genuine intent to transform firms in the face of the accelerating energy transition? What do the commitments mean for achieving the Paris Agreement goals, and can they help to convince governments to be bolder and to really deliver on their plans for a “green recovery” after COVID-19?"
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