Biden Climate Push Means Fossil Fuel Cos. Must Innovate

The Biden administration's governmentwide approach to addressing climate change throughout all industries puts an unprecedented degree of pressure on traditional energy sources to prioritize innovation in order to sustain long-term viability. This administration has brought an expected, but unprecedented, focus on climate change and the transition to a lower-emission future.

The oil, gas and coal sectors need to navigate this uncertain regulatory landscape with a flexible, yet strategic, approach. Prudent companies will embrace funding opportunities and partnerships focusing on new clean energy and low-emission technologies that use fewer resources, predict and minimize environmental impacts and incorporate renewable energy, all while satisfying increasing energy demands.

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