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 this industry, what does the future hold for commercial lending in this space?
September 29, 2022 | 1:00pm Eastern
Directly and indirectly, the Oil & Gas industry accounts for 42% of global GHG emissions. Lenders are resultantly facing increasing pressure from shareholders to reduce their lending to the industry, and with rising fuel prices, economies and governments around the world, are catalyzing efforts to switch to more sustainable energy solutions.
Fortunately, 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. How will the technological disruption of renewable energy impact the future of the Oil & Gas industry, and what can lenders do to future-proof their portfolios in this industry?
Join us to learn:
- How to develop a loan-level understanding of how transition risks 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 in their transition to the green economy