Improved governance in resource-rich countries is essential for the billion people who live in poverty in countries abundant in oil, gas and minerals. Without it, they will be excluded from the “clean, green growth” needed for an effective global energy transition.
In some countries national oil companies have the greatest capacity to deliver project. But can they become part of the solution to climate change? When does it make sense for state companies to shift toward renewable energy?
NRGI’s Latin America director Juan Luis Dammert spoke at the United Nations Global Roundtable on Extractive Industries about how developing countries could avoid the race to bottom in attracting investments and ensure the extractives sector contributes to sustainable development.
National oil companies are key players in the global oil and gas industry—they produce half of the world’s oil and gas, and invest 40 percent of capital into the sector. But policymakers and climate activists alike often overlook their role in global efforts to address climate change.
Suneeta Kaimal, Daniel Kaufmann, Erica Westenberg, Norman Eisen, Michael Jarvis, Kelsey Landau, Robin J. Lewis, Allison Merkel, Mario Picon
With rising threats to democracy and shifts in global power, the natural resource governance community must evolve. Timid efforts and insufficient focus risk decreasing the effectiveness and credibility of the field.