Contrary to popular belief, the United States can capture the full economic benefits of unconventional gas and oil while also substantially addressing local environmental impacts and making major strides toward a lower-carbon energy system. But stakeholders must let go of the misconceptions, historic rivalries, and distrust that have led to zero-sum mindsets and slow progress, according to a recent report from Harvard Business School (HBS) and The Boston Consulting Group (BCG). The report, America’s Unconventional Energy Opportunity, offers a comprehensive plan to overcoming the “false trade-offs between reaping the enormous economic benefits of developing unconventional gas and oil, minimizing environmental impacts, and making major progress towards reduced greenhouse gas emissions.” U.S. unconventional oil and gas development, which has eliminated the need for natural gas imports and reestablished the United States as the world’s second largest oil producer for the first time since 1991, offers the United States the largest […]