As oil and gas leaders converge on Houston for the year’s largest industry conference, CERA Week, falling oil and gas prices are understandably top of mind and a cause for concern for the industry. But there is another decline story underway in industry, one that poses a risk to the future of hydrocarbons in a carbon constrained world – a story of falling trust.
While today’s $30 oil price is disruptive in the short-term, new information on the very low level of public trust in the oil and gas industry should prompt concern from executives and investors about possible longer-term disruption to companies’ social license to operate.
The Industry’s Public Trust Problem
Recent polling conducted by KRC Research for EDF found that a mere 29 percent of Americans trust oil and gas companies to operate responsibly. Strikingly, even among Republicans, the trust rate is under 40 percent.
Digging deeper into the numbers, just 15 percent of Americans trust the oil and gas industry to be accurate in disclosing how much pollution they cause.
So what do these results mean? Read More
Growing up in eastern North Carolina was a great experience. Wayne County was my home, and I spent many weekends fishing for bass and hunting quail with my father on the family farm in nearby Bladen County. The time outdoors was great for character building, and visiting with relatives, friends, and elders in the community was equally important for understanding my heritage and the challenges my parents overcame.
Often lost in greens’ advocacy is how a cleaner environment improves the lives of individuals. People hear, “Save the trees!” or “Use clean energy!” But if you’re out of work or can’t afford the electricity bill, you may ask, “How do these environmental efforts help me and my family?”
