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Sustainability and low-carbon transition toward US oil and gas companies’ efficiencies

Author

Listed:
  • Sami Jarboui

    (Shaqra University, Department of Business Administration, College of Science and Humanities - Al Quwayiyah
    University of Sfax, Department of Economics, Faculty of Economics and Management)

  • Hind Alofaysan

    (Princess Nourah Bint Abdulrahman University, Department of Economics, College of Business Administration)

Abstract

A global imperative for climate change has constrained a fundamental shift in the energy sector towards sustainable and low-carbon practices. The important first step towards sustainability involves assessing the environmental and operational efficiency and sustainability of companies. This study uses a true fixed-effect model to analyse operational and environmental efficiency for 53 oil and gas companies during 2000–2022 in United States. This study also explores the impact of U.S. energy transition policy on the OGCs’ efficiency, considering the US administrations' contradictory priorities regarding sustainability and low-carbon transition policy. The findings reveal a convergence in the level of operational and environmental efficiency, with similar trends and reduced gaps over the study period, except in crises periods, as both influenced by economic activity levels and the Covid-19 pandemic. The results highlight a discernible trend among U.S. OGCs towards reduced CO2 emissions in recent years. Moreover, the research indicates that U.S. energy transition policy and increased power generation from new renewables capacity, primarily wind and solar, contribute to promote environmental efficiency.

Suggested Citation

  • Sami Jarboui & Hind Alofaysan, 2025. "Sustainability and low-carbon transition toward US oil and gas companies’ efficiencies," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 27(12), pages 30929-30943, December.
    • Handle: RePEc:spr:endesu:v:27:y:2025:i:12:d:10.1007_s10668-024-04945-3
    DOI: 10.1007/s10668-024-04945-3
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    Keywords

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    JEL classification:

    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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