Share on:
Oil and Energy
The structural change the sector is undergoing poses environmental, social and business risks for companies. At the same time, this transition opens doors and creates opportunities for those who are able to identify and manage them successfully.
ENVIRONMENTAL
- Greenhouse gas emissions: costs of compliance with greenhouse gas emission regulations.
- Water management: water expenditure and reduction of availability in water scarce areas.
- Management of waste generated, including toxic waste.
- Loss of biodiversity and alteration of ecosystems.
- Infrastructure integrity and critical incident management: incident prevention and control.
SOCIAL
- Just transition to a low-carbon economy: reliance on workers, local communities and national economies.
- Lobbying and stigmatisation of the sector.
BUSINESS MODEL
- Need to rethink the business model and the cost involved.
- High investment in R&D&I for technology development and risk of failed investments.
- Innovation for impact mitigation and emissions reduction:
- Technologies for capturing CO2 from the atmosphere.
- Improving energy efficiency.
- Process optimisation.
- Investment in renewable energy.
- Biofuels and green hydrogen production.
- Sustainable mobility: electric vehicle charging network.
- Access to sustainable sources of finance for clean energy projects.
- Alliances with strategic partners.
We provide expertise and support to help mitigate risks and seize opportunities specific to this sector.
TRANSCENDENT PROJECTS IN THE SECTOR
Emission reduction plan:
objectives and roadmap.
Strategic plan:
rethinking the business model, diversification, identification of business opportunities.
Definition of policies, commitments and actions
that the organisation can incorporate to prevent and mitigate the negative impacts of the transition to a low-carbon economy on workers, local communities and other stakeholders.
Measuring impact on local communities:
Positive impactsjob creation, local hiring / sourcing, generation of local economic activity, payment of taxes, investment in infrastructure and public services, development programmes, etc.
Negative impactsThe following are some of the main issues: use of natural resources, exposure to hazardous substances, consequences of excessive influx of workers, pollution, waste generation, etc.