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Energy Tomorrow Blog

Q&A: Linking Environmental, Social and Governance to Strong Performance

social-license-to-operate  climate 

Mark Green

Mark Green
Posted January 1, 1

ESG – environmental, social and governance – covers the way that businesses achieve strong performance on a range of sustainability issues. 

Below, Dr. Aaron Padilla, API manager of climate and ESG policy, explains the natural gas and oil industry’s focus on ESG as integral to the way its members conduct themselves in developing energy, as well as the way stewardship on these issues is helping define the modern industry’s identity in 2020 and beyond. 

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Sound Policy Key to Ensuring Energy Security

us energy security  domestic production  federal leases  saudi arabia 

Dean Foreman

Dean Foreman
Posted January 1, 1

One of the great benefits of increased U.S. oil production over the past decade and a half is strengthened U.S. energy security – decreased reliance on foreign oil suppliers and insulation for American consumers against sudden price increases due to geopolitical events, such as last weekend’s attacks on Saudi Arabian oil facilities

Years ago, an episode like that could’ve caused serious alarm in the United States and globally. Yet, the apparent lack of significant or enduring oil price movement following last weekend’s attack shows the tremendous influence U.S. oil production has had on global markets. The same was true after missile attacks on Saudi facilities in 2019 (see here), which substantially reduced Saudi Arabia’s oil exports for a short period. Both events and their aftermath indicate that U.S. domestic production has largely mitigated the price volatility historically associated with serious geopolitical events.

Still, some cautions are in order. 

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