Tag: energy transition

Significant uncertainty, marked by rampant inflation, fears of a looming recession and growing geopolitical risk, clouds the near-term global outlook. The knee-jerk reaction is to retreat to safe assets and preserve capital until the storm has blown over.

Miners are stepping up to take a more prominent role in the energy transition. According to the United Nations Global Compact-Accenture Strategy CEO study, about 72% of mining and metals CEOs agree that sustainability issues, including decarbonisation, are 'very important' or 'important' to the future success of their businesses (compared to just 54% across all industries).

From October 3 to 7 this year, African and global leaders in the oil and gas sector will converge in Cape Town for Africa Oil Week. In the lead-up to the conference, the debate around Africa's use of its natural resources for its benefit is coming into sharp focus, including the conference host country - South Africa.

After a wobbly 2021 and lingering uncertainties for the year ahead, we are confident energy transition equities can deliver. After achieving remarkable gains in 2020, energy transition equities endured a more turbulent and challenging time in 2021.

Demonising oil and gas companies is not a constructive way forward on energy transition. Africa will push for 'the Right to Drill'. African nations must and will take advantage of their hydrocarbon resources for economic development. Environmental sustainability is a part of it, not an impediment.