Cleaning Up: By taking the lead on greenhouse gas emissions, can energy companies gain a competitive advantage?
Petroleum companies are coming under increasing pressure from investors, regulators and consumers on their greenhouse gas footprints. This may in the relatively near future expose them to carbon pricing and tariffs, exclusion from key markets such as the EU, bans from financiers and insurers, public protests, and litigation.
Energy firms can reduce their emissions at relatively low cost, but also need to safeguard their contractual relations and business strategies.
In the new world of climate policy and activism, what do companies need to look out for? Download our latest report to hear more from our global energy experts.
“There will be $160B of refining investment in the next decade in the Middle East alone. How much of an environmental footprint will these refineries have? Who will take the liability if they are not built to new international standards – the sponsor or the contractor?”
Slava Kiryushin, Partner, Global Head of Energy, DWF
Key Report Stats
of North Sea oil operators and contractors are working to reduce their carbon footprint.
of refining investment in the next decade in the Middle East alone.
of the world’s 35 largest insurers now do not insure coal projects.
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