Audience: Business Community

Amid a growing focus on net-zero, a recent Deloitte survey compares the expectations of oil and gas (O&G) executives and institutional investors around the energy transition. O&G companies cite a 28% average reduction in emissions over the last three years and remain confident about achieving a 50%–60% reduction in emissions by 2030. Additionally, there is a recognition that the O&G industry offers high dividend and buyback yield to investors, leading all industries with a combined yield of 8% in 2022. Although their paths toward net-zero might not be completely aligned, there seems to be a shared consensus between executives and investors on the industry’s potential to achieve its overarching goal.

Voters want companies and brands to speak out about climate change, and young voters in particular want to see companies take public stances on climate. By a 63%-26% margin, voters say they support companies and brands speaking out about climate change. Democratic voters (85% support / 9% oppose) and Gen Z voters (79% support / 11% oppose) are particularly eager to hear companies speak out about climate change. This high level of support among Gen Z voters is consistent with other recent public polling, which has shown that the overwhelming majority of Gen Zers say it’s important to them to support brands and companies that are sustainable and environmentally friendly.