
How Companies are Navigating the Energy Transition
Exchanges
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Hydrocarbons
Mc kelly: The industry is starting to respond. Weare starting to see it in cycle development, which have a payback of two to three years. I think where we're not seeing it yet in the scale we need is in the longer cycle, longer payback, all development and natural gas. One argument we've always supported is that natural gas is a key green transition fuel. It's needed for the next ten to 20 years,. as a minimum, to move away as fast as possible, from coal and from fuel oil That gener two times the seal to amission per unit of energy than natural gas. Boeleng is key to move away faster from coal, but also
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