11 min
Why CFOs Are Terrified of Carbon (Part 1 of 2) Digital Innovations in Oil and Gas with Geoffrey Cann
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- Business
Carbon pressures are mounting and it’s the Chief Financial Officer who is the most alarmed about carbon impacts on the business. And they’re right to be concerned.
Global interest in all things carbon is keeping CFOs up at night. No, that’s not quite correct—it’s terrifying them beyond reason. And it has to. Every year the price of carbon keeps rising, companies are struggling to hit their carbon targets, and the curve keeps getting steeper and steeper. Miss your 4% target this year and next year it rises to 5%. Just consider some of the implications on the captains of money trying to come to grips with a gas that you can’t see, and you’ll start to feel for them.
Part 1 of 2
Carbon pressures are mounting and it’s the Chief Financial Officer who is the most alarmed about carbon impacts on the business. And they’re right to be concerned.
Global interest in all things carbon is keeping CFOs up at night. No, that’s not quite correct—it’s terrifying them beyond reason. And it has to. Every year the price of carbon keeps rising, companies are struggling to hit their carbon targets, and the curve keeps getting steeper and steeper. Miss your 4% target this year and next year it rises to 5%. Just consider some of the implications on the captains of money trying to come to grips with a gas that you can’t see, and you’ll start to feel for them.
Part 1 of 2
11 min