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Summary
Authors:
Frank W. Geels
University of Manchester
Conflicts between economic and low-carbon reorientation processes: Insights from a contextual analysis of evolving company strategies in the United Kingdom petrochemical industry (1970–2021)
Energy Research & Social Science
Sept 2022
- Makes longitudinal analysis of UK petrochemical industry in past 50 years
- Analyses economic and socio-political environments and strategic responses
- Deeper economic reorientations trump more recent low-carbon reorientation
- Firms reluctantly explore low-carbon innovations, while resisting politically.
- New investments in fossil fuel assets also conflict with low-carbon reorientation