In the run-up to the COP28 climate conference, NRGI launched two new reports on national oil companies and their role in the energy transition.
Riskier Bets, Smaller Pockets quantifies the amount of public finance that NOCs are putting at risk by investing in high-cost projects that won’t break even if the world meets targeted warming limits; it also considers the implications of growing debt among many oil-producing countries.
Facing the Future: What National Oil Companies Say About the Energy Transition is an analysis of NOCs’ public statements acknowledging and mitigating risks that transition poses to their business models.
In this one-hour online event, the authors presented the key findings of these research products, followed by a conversation with two guest discussants on how some of the central issues surrounding the energy transition, including its risks and opportunities, manifest in the specific cases of GNPC in Ghana and Pemex in Mexico.
Kwame Baah-Nuakoh, Ghana National Petroleum Corporation