Oil CEOs at Davos Debate Tougher CO2 Cuts as Pressure Mounts

The video discusses the increasing pressure from shareholders on oil companies to reduce carbon emissions, highlighting the shift in both European and American companies towards more sustainable practices. At Davos, climate change is a top agenda item, with executives discussing broader definitions of their missions. The energy industry faces challenges in balancing shareholder demands with financial returns. The phase one trade deal between the US and China is seen positively, but skepticism remains about its impact on agricultural exports, with concerns about permanent damage to US farmers.

What is the main reason shareholders are pressuring oil companies?

• To increase oil production

• To reduce carbon emissions

• To expand into new markets

• To improve public relations

Which region's oil companies have been more proactive in addressing climate change concerns?

• African

• Middle Eastern

• European

• Asian

What is a key topic of discussion at Davos regarding the oil industry?

• Improving drilling technology

• Expanding oil reserves

• Reducing CO2 emissions

• Increasing oil prices

What is a potential consequence for the oil industry if they follow shareholder demands?

• More oil exploration

• Increased oil dependency

• Higher dividends

• Retooling business models

What is the skepticism surrounding the phase one trade deal?

• It will increase oil prices

• It will harm U.S.-China relations

• It won't boost U.S. agricultural exports as promised

• It will lead to higher tariffs