The Global Energy Transition and Its Impact on Project Cargo Logistics The global energy transition — i.e., the decarbonization of energy consumption — already was gaining traction, albeit in fits and starts, when COVID-19 upended all expectations for 2020. The pandemic triggered a short-term oil price crash that forced project owners to cut billions of dollars from fossil-fuel-based capital project budgets, and it has accelerated the pace and breadth of the longer-term global energy transition. Governments, regulators, investors, consumers, and shareholders are pushing for large-scale ad...