The number of business school grads taking jobs in the oil and gas industry has fallen by 16% since 2019 and 40% since 2006. "There has been a 20 per cent increase in students recruited into the renewable and environmental industries — taking the total to a new record," according to an article in the Financial Times. "Most have joined employers such as Vestas, Alstom Power and Siemens Gamesa. At the same time, there has been a shift away from Shell, Exxon, Chevron and other energy groups whose businesses are based in fossil fuels." Click for article

To succeed in the post-pandemic era, according to a Harvard Business Review article, leaders need new skills and capabilities. Leaders must be: Strategic executors Humble heroes Tech-savvy humanists Traditioned innovators High-integrity politicians Globally minded localists  Read article

Let's talk about the elephants in the room. Read the Q2 2021 issue Download the PEI Journal mobile app (It's free.)

An April 1 article on retail fueling by McKinsey & Co. states, "With the industry at a crossroads, operators need to move quickly to rethink strategy, build new capabilities, and transform their businesses." Read the article

Gene Marks writes in The Guardian, U.S. edition, that two tax credits in December’s Taxpayer Certainty and Disaster Tax Relief Act might be more valuable for many small businesses.  Why?  "Because the PPP is a forgivable loan that’s only available to certain businesses, whereas the employee retention tax credit and the work opportunity tax credit are both potential cash payments that are available to a greater number of small businesses," Marks writes. Read article