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Beyond oil: drivers and barriers to the adoption of low-carbon strategies by European oil and gas companies
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Orientador(es)
Resumo(s)
This thesis investigates the adoption of low-carbon strategies by European oil and gas
companies, integrating a path dependency perspective. Adopting this view is motivated by the
interest of identifying factors that drive and delay transformation processes. Referencing annual
reports, academic publications and analyst reports, numerous drivers and barriers could be
identified, highlighting decisive internal and external influences on the adoption of
decarbonization strategies. The findings reveal persistent lock-in effects hindering the shift
from traditional fossil fuel business models. The study concludes with a few strategic
recommendations, emphasizing the enormous challenge of steering major GHG emitters toward
low-carbon practices.
Descrição
Palavras-chave
Corporate strategy Drivers Barriers Oil and gas industry Energy transition