Russia’s invasion of Ukraine and grim climate reports changed the conversation, but not the industry’s assertion that it will remain a critical part of the global economy, even as it decarbonizes.
By Nicholas Kusnetz
Energy titans from around the globe were set to discuss climate change and the challenges it poses to their industry when they gathered in Houston this week, but Russia’s invasion of Ukraine, and the turmoil it unleashed in energy markets, reframed their agenda. Taken together, the twin crises pose an existential threat to the industry.
