ON Industries - Oil & Gas
The Oil & Gas industry's operations account for 9% of all global greenhouse-gas (GHG) emissions, and produces the fuels that make up another third (33%) of emissions. With lenders facing increasing pressure from shareholders to reduce their exposure to the industry, what does the future hold for commercial lending in this space?
October 13, 2022 | 1:00pm Eastern
Directly and indirectly, the Oil & Gas industry accounts for 42% of global GHG emissions. As a result, lenders are facing increasing pressure from shareholders to reduce their lending to the industry, and with rising fuel prices, mounting geopolitical tension, and a push to switch to more sustainable energy solutions, what does the future hold for this industry?
Renewable technologies have been getting cheaper - the cost of solar in the US has fallen more than 70 percent since 2011, while the cost of wind has fallen by almost two-thirds. Meanwhile, Russia's invasion of Ukraine has driven oil and gas prices to their highest levels in a decade. How will events such as these impact the future of the Oil & Gas industry, and what can lenders do to future-proof their portfolios?
Join us to learn:
- How to develop a loan-level understanding of how future challenges will cascade down the Oil & Gas value chain
- How you can use scenario analysis on a loan-by-loan basis to manage credit outcomes
- How your bank can turn this risk into an opportunity to support borrowers across the oil and gas supply chain and future-proof business models