A new State of the US Energy Industry Report reveals that 77% of energy leaders believe innovative technology is the immediate solution to transform industry and accelerate the energy transformation, crucial to meet urgent carbon net-zero goals. The report, released today by Cognite, in partnership with The Harris Poll and Axios Studio, includes data and insights from US energy decision-makers on sustainability and technology across the industry. Key findings on the current state of the industry from Harris Poll:
- 68% of energy leaders say their companies are not taking the proper steps to back up sustainability initiatives.
- 85% of energy leaders agree that more transparency is needed around the resources and behavioral changes necessary to improve sustainability.
- 77% of energy leaders say transformative technology including integrated data on emission reduction is an immediate way to become more sustainable.
- 75% of US energy leaders believe public sustainability declarations don’t match private boardroom conversations.
Other important examinations of industry sentiment capture the unique moment energy leaders find themselves in as their industry comes under increasing pressure to decouple from hydrocarbons while transforming its technology stacks:
- The 2021 DNV-GL survey ‘Turmoil and Transformation’ indicates that respondents feel recovery post-COVID will be different, as investments shift to include more low-carbon and renewable energy.
- KPMG’s energy industry CEO outlook from the close of 2020 highlights three actions areas that will be critical: sustainability, digital, and talent.
- Deloitte’s 2021 industry outlook collection found that “areas that stand out as bellwethers across sectors in 2021 include accelerated reliance on digital technologies; growing concern about exposure to further trade issues; finding new growth markets or applications; and making supply chains more robust, including by reshoring, nearshoring, or diversifying to new areas and suppliers to create more agility.”