Peculiarities of Decarbonization Strategies of the Largest Players in the Oil and Gas Industry: Similarities and Differences

Abstract

The activities of companies in the oil and gas sector have a significant impact on climate change. Fighting the greenhouse gas emissions growth is at the heart of energy decarbonization. Despite the prevailing importance of fossil fuels, one of the most promising scenarios for development of world energy is the transition to renewable energy sources. The decarbonization strategy for the oil and gas industry includes a wide range of economic and technological measures. Nevertheless, there are significant differences in the environmental policy of oil and gas companies depending on the chosen strategic vector of development. Due to the above, it is necessary to offer a classification of oil and gas companies by the type of decarbonization, which allows making effective management decisions.