Issue: Oil

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.

This post includes climate and environment headlines, data points, and key takeaways from recent public polls – including new polling on oil and gas companies’ price gouging; clean energy investment as part of potential new economic legislation in Washington; the links between climate change and public health, pollution, and extreme weather; and Americans’ emotional responses to climate change.