DOERS/Shutterstock Save for later Print Download Share The COP28 agreement presents a mix of challenges and opportunities for oil and gas companies. This was a COP of compromise 鈥� oil producers and climate hawks alike have plenty to love and hate in the final text. But it was also among the most practical and pragmatic of deals, explicitly addressing subjects like the role of carbon capture and, for the first time, a transition away from fossil fuels. The agreement has no binding power over any company or country, but many do use COP texts as a polestar for their climate and investment policies. It is thus a valuable document for oil and gas firms to understand how the world sees the energy transition trajectory as they formulate their own strategies to navigate through it. Below, 博彩对冲 examines how the agreement impacts key strategic areas for the oil and gas industry:
