Firms split on green growth, peak oil timelines, Bain says

Executives are pivoting towards transition-oriented investments in their local regions.

Energy and natural resources (ENR) companies worldwide are divided on their optimism for transition-oriented investments and peak oil expectations, according to a Bain & Company report.

According to a recent survey, executives across the globe are pivoting towards transition-oriented investments in their local regions.

Whilst most markets saw a decline in transition-oriented investment attractiveness overall, China has bucked the trend with a notable increase of 14 percentage points to 39%.

Moreover, two-thirds of executives expect an increase in portfolio restructuring in their industry over the next two years, with chemicals (87%) and mining (72%) companies leading the trend.

Additionally, about two-thirds are experimenting with artificial intelligence without seeing aspired outcomes, but only a quarter have progressed in scaling up AI applications.

Further, executives globally are now more focused on co-investing with tech companies, with executives in Asia-Pacific and the Middle East planning to co-invest with tech partners.