The current energy landscape is a ‘paradox of change’ with the strong push towards low-carbon solutions offset by ongoing high consumption of petroleum and fossil fuels, according to a DNV survey.
The push-and-pull dynamics continue to pose headaches in boardrooms as executives embark on new corporate strategies and investment decisions.
Despite the decarbonisation drive, 51% of executives in the 442-person survey believed global investment in new oil and gas capacity is ‘insufficient’, with 70% of North American executives particularly concerned compared with 40% in Europe.
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