The oil and gas sector is delicately poised, between a steady and profitable past and an increasingly uncertain future. Climate change analysts Carbon Tracker says there are lessons for the oil and gas majors from the crisis that hit the European electricity sector a decade ago. Ten years ago, the European electricity sector started a rapid technology-driven energy transition that caught out the complacent slow-growing incumbent companies. The European electricity sector made five key errors, Carbon Tracker says. Lip service is no protection against reality.”The implications of the comparison for the oil and gas sector are clear, they conclude.

Source: Forbes December 21, 2018 15:00 UTC