In the latest instalment of Industry Insights, Audra Delport, CFA, Deputy Head of Credit Research, examines energy transition from an oil and gas perspective.
European oil and gas majors are leading the way in their approach to energy transition strategies, with a number of companies announcing carbon neutrality goals in the past year.
“Many of these companies are shifting their strategies to become integrated energy companies and invest in renewables, electricity generation, biofuels and carbon-capture technologies,” explains Delport.
Conversely, North American oil and gas companies are approaching the energy transition differently to their European counterparts. “Only a small number of North American companies have announced Scope 1 and 2 carbon neutrality targets,” adds Delport.
What is driving these differences? To find out, watch the short video below.
