In July 2022, U.S. Secretary of Energy Jennifer M. Granholm requested that the National Petroleum Council (NPC) conduct an analysis on the energy transition, including steps industry is taking to be an active player in a net-zero economy by 2050. The Progressing to Net Zero report identifies several critical considerations to be taken into account to enable a successful transition over future decades: Transition should be source agnostic; Increased technology collaboration is required to accelerate transition; Policy support is necessary to accelerate deployment and cost reductions; The oil and gas industry has an essential role to play to reduce emissions; Federal, state and local governments also have essential roles to play; Policies that inadvertently cause shortages and consumer pain should be avoided and the energy transition will require significant new investments.