Bard MBA in Sustainability Professor Kathy Hipple on Factors Affecting Oil and Gas Company Decisions to Drill in the Arctic
Hipple tells Sierra magazine that oil executives at major companies make decisions about exploration and development based on long-term forecasts—sometimes decades out. “We see that the oil companies are starting to diverge on where they view peak oil demand,” says Hipple. “Some of the companies such as Exxon are saying, as recently as its second-quarter earnings call, nothing has fundamentally changed. Whereas BP has said, ‘Things have fundamentally changed; we are radically rethinking our business.’”
Post Date: 08-26-2020
Post Date: 08-26-2020