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Synopsis
The transition that society needs to make is from a Linear Economy that characterized economic development through the 20th Century, to something sustainable. In simple terms, the Linear Economy, ‘TakeMakeTrash’ is no longer fit for purpose. A Circular Economy is needed where energy is produced from replenishable sources to make products and fuels that can be recycled.
Oil & Gas companies have a vital role to play, providing the world with alternative energy sources. These companies are vertically integrated organizations delivering a wide range of energy, products and services to customers.
The challenges that the Oil & Gas companies face are formidable. It would be natural for them to adopt a defensive posture. But they are uniquely structured and handily equipped to morph their organizations and take a leadership position in a profoundly restructured energy business.