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- While it might not seem
like the obvious choice,

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energy suppliers and
consumers such as utilities

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and industrial companies
need to double down

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on decarbonization in
today's uncertain economy.

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Ultimately, this move will create
a more stable, predictable,

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and competitive cost base for them.

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Getting there, of course,

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requires a lot of investment
in renewable energy

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in new talent and capabilities
and in technology.

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At the same time,
competition for materials,

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components, and labor will heat up

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as more companies push to decarbonize.

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This will lead

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to supply shortages and
create execution challenges.

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A major recession could
create further headwinds.

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These same utilities

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and major energy consumers
could see demand growth slow.

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That would squeeze earnings
at the precise moment

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when these companies need

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to significantly increase investment.

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This reality demands we push hard

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on full business
transformation while investing

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in capabilities to
accelerate decarbonization.

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Companies that move with speed

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and conviction will capture the advantage.