COVID-19 has created historic losses for commoditized industries, like Oil & Gas. The global Coronavirus has driven down the demand for natural gas and other carbon-emitting fuel sources, like coal and petroleum. This will likely push future focus away from renewable energy sources and towards economic recovery and job creation and retention.
The Global Climate Crisis
Since the advent of the COVID-19 pandemic, the complex role of solving the climate challenge has become more urgent given the impact of shutdowns on the economy, resulting in both short-term and long-term effects. Tangible examples of the earth healing itself while the planet’s inhabitants stayed home revealed themselves all over the world, from cleaner oceans to reduced air pollution and greenhouse gas emissions to significantly less noise in highly-populated areas.
This global environmental change proves out the need for accelerated action to develop and deploy clean energy solutions as soon as possible. We now have the opportunity to plan for sustainable energy options to positively impact both the economy with job creation and to ensure the future of the planet with environmental technologies.
Transformation
Supply chain risk and workforce shortages disrupt normal operations, and the drop in demand from stay-at-home measures and reduction in travel will have a larger impact. The positive effects on the environment brings into question how the industry can reframe to adjust to clean energy.
For the oil and gas industry, it means transforming current processes to create sustainable solutions using renewable energy sources – solar, wind, biomass, hydrogen, and geothermal. Any one of those offers possible solutions but the one that is most prevalent here is that of water. What if there was a way to clean up processes and systems by simply utilizing organic technology, and also save time, money and productivity?
Recovery and Growth
Thanks to fluctuations in commodity prices, in futures, and competitor price slashing, companies are having to cut back all over to net zero to keep the doors open and not upset the market. How do you navigate these issues when you don’t know what’s coming tomorrow? This new pandemic world changes every day, and pivots are necessary to stay relevant. Perhaps it’s time to consider a new way of doing business.
About Catawater
What if you could reduce operating expenses by up to 80% depending on your needs? Consider Catawater®’s organic nano-technology. This product simply enhances what nature creates, with a non-toxic impact on the environment. The value of utilizing this revolutionary approach means possibly reducing remediation costs by up to 70% and reducing water recycling by 80%. That’s a huge impact on your bottom line. It might just be the answer to keep your business – and your industry – healthy and growing. To find out more, talk to one of our experts now.
Find out more about how Catawater® will help your business here. Talk to an expert now!
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