With Jack Gerard stepping down as head of the American oil and gas industry’s most powerful trade association, industry has an important opportunity to change with the times.
The oil and gas industry and its ecosystem are evolving rapidly before our eyes. Technology improvements allow ever more efficient production. Resource discovery in areas like the Permian Basin unlock opportunity and drilling activity that few ever thought possible. But the most profound change is happening above ground—the steadily growing calls for climate action by investors, governments, corporate energy users, and society at large.
The future of industry—its very prospect of surviving, let alone thriving, in a decarbonizing world—depends on its ability to meet society’s demands, not just for energy, but for leadership.
