How much do corporations need to change to stay in business in a hot and disrupted world?

Climate One Conversations feature energy companies and environmentalists, Republicans and Democrats, the exciting and the scary aspects of the climate challenge.

I'm Greg Dalton.

If you say our goal is to maximize shareholder value, all you're going to do is have your customers say, oh, so you don't care about us.

Your employees say, oh, so you don't care about us, your communities, so you don't care about us, and make your job much harder.

That's Roger Martin, a business strategist and author of When More Is Not Better, Overcoming America's Obsession with Economic Efficiency.

He'll join us later on today's show.

First, how are the economics and geopolitics of energy changing amid the COVID pandemic?

This isn't about supply and demand.

This is about the economies being open or closed.

Daniel Juergen is a Pulitzer Prize-winning author of many best-selling books,

including his seminal one on energy, The Prize, the Epic Quest for Oil, Money, and Power.

His latest is The New Map, Energy, Climate, and the Clash of Nations.

Yergan is vice chairman of IHS Market and energy Consultancy and serves as CNBC's Global Energy Expert.

Our conversation begins in the fall of 2019.

A trade war between the United States and China is battering the global economy and hurting demand for oil, with prices down to about $60 a barrel.

Then, on September 14th,

a twin attack at night with drones on two major Saudi oil facilities,

one of them the largest in the world.

This was an extraordinary operation, the scale, the method, and the impact.

This was the biggest disruption that had ever happened in world oil.

It was an attack on the Saudi facility for processing oil that is exported.

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