Introduction

Our world has experienced rapid and profound changes in recent years, and the energy and resource industry ('energy industry') has been no exception. In this changing world, companies operating in the energy industry, face a myriad and combination of long recognised and new emerging perils. Greenhouse gas emissions and climate changes, market fluctuations, ever-increasing business mergers and acquisitions, infrastructure obsolescence, vulnerable standardized technology and risks related to disruptive technologies (e.g. oil extraction from oil sands), adverse weather events and other ...