Energy Transition: The evolving role of oil & gas companies in a net-zero future

After an extraordinary year of health and economic challenges, the global oil and gas sector has an essential role to play in the economic recovery. The same could however be said of any economic recovery and expansion over the past 100 years – during this time oil and gas companies have provided most of the primary energy that has fuelled huge economic growth. But this time does look different. The oil and gas sector will power economic recovery not just through oil and gas exploration and production, but also (and perhaps counter-intuitively to some) through facilitating the transition to a lower-carbon economy and eventually a net zero future. This report presents a wide-ranging review of the role of oil and gas companies in that future.