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War in Ukraine Overshadows Energy Transition as Oil CEOs Gather

Bloomberg · Paul Takahashi · last updated

CERAWeek conference resuming in-person for the first time since the pandemic will see executives questioned on Russian business ties.

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Related Knowledge Center: Energy security and pricing

State of Play

The United States achieved net energy independence in 2020, but that has not insulated the nation from the roiling of energy markets in the wake of the Russian invasion of Ukraine. Europe has been a large consumer of Russian natural gas, and the effort to wean itself, with the help of the United States, has strained markets and endangered global efforts to address the climate crisis.

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