Can Oil-Dependent Countries Prepare for an Energy Transition, with Andrea Furnaro and Patrick Heller

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In this episode, host Daniel Raimi talks with Andrea Furnaro and Patrick Heller from the Natural Resource Governance Institute. Drawing from a recent report, Furnaro and Heller lay out a five-step framework for how national oil companies (NOCs) can navigate an impending energy transition. Together, they contend that a business-as-usual approach is not a neutral option for these companies and their respective countries. Instead, NOCs must define national policy goals, assess transition risks and opportunities, establish a strategic direction beyond oil and gas, strengthen institutional governance, and ensure a just transition and responsible exit for workers and communities. Examples from…