The next five years are going to be critical for the industries that supply energy and natural resources to the world’s economies.
In that short span, while they keep their current businesses running, most will begin reinventing themselves as businesses that also move the world closer to a sustainable, low-carbon future – through carbon capture, usage, and storage (CCUS), for example.
Some investors are betting against them, shifting money from these incumbents to new companies that have less baggage and appear to be more innovative and more capable of solving the world’s most important issues.
But it would be a mistake to count the incumbents out. These industries have already helped drive monumental shifts over the past century, delivering reliable and affordable energy that powers the world’s markets, supplying raw materials that make the consumer economy possible, and ensuring a steady food supply that feeds billions.
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