Stewardship and Governance: Focus on Alternative Energy Sources and Corporate Governance

Governance
Stewardship and governance
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Affiliation
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2
Governance
Stewardship and governance
Should the company keep its focus on its mission of ‘developing more oil and gas
reserves’?
According to Mr. Tillerson, more oil and gas reserves must be developed because
this is what the world depends on, and will depend on for a very long time. These
sentiments go against the new suggestions of alternative energy sources that are being
studied. It is apparent that Mr. Tillerson is adamant and not willing to accept the new ideas,
(Supran, 2017). However, all focus should not be put on oil and gas exploration rather new
technologies and energy sources that are being embraced. Because of the increase in gas
emissions and environmental pollution, companies are shifting focus into energy renewable
resources. Greenhouse gases being emitted have led to negative environmental and climatic
changes mostly seen from experiment temperatures and deterioration of the environment.
As such, the company should not put all focus on the development of more gas and oil
reserves. This new option was also put forward by the Rockefeller descendants as well as a
number of shareholders during the 2008 annual general meeting.
How would you make a case for the company to curb greenhouse gas emissions, increase
renewable energy research, and develop sources of alternative fuel?
In this century, a lot of damage has been done by greenhouse gas emissions which
mainly come from the oil and gas sector. Millions of cars and industries across the world rely
on gas and oil to power their engines and as a result, this becomes a major contributor to
environmental pollution being the biggest company that explores gas and oil, it is prudent