101: The Transformation of Oil and Gas to Multi-Energy | The Real Leaders of Net Zero pt. 6
The Bid
Decarbonization Is Important for Oil and Gas Companies for Making Money in the Future
40% of current institutional investors or rep sold are investors sharing these ESG targets. That means that they want to invest in companies that are not only focused on having profits in the short term, but also building the foundations for being profitable in the long term. "We have to think that the world is going to develop a great effort to reduce the CO2 emissions in the future," he says. “I don't like to be very theoretical sometimes"
In 2019, Repsol was the first oil and gas company in the world to announce its commitment to be net zero by 2050. Why did they make that decision? What's their plan to get there? On this episode of our series, The Real Leaders of Net Zero, Repsol CEO Josu Jon Imaz joins host Mark Wiedman to talk upstream and downstream, electrification versus decarbonization, and why technology is the biggest ally in this ambitious effort.
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