While emphasis on energy transition has spurred innovation and investment into electrification, renewables and alternative fuels, the latest IPCC AR6 report and the outcomes of the negotiations at the recent COP27 indicate it is likely now a shortening window of opportunity for organizations to meaningfully address carbon dioxide levels before significant physical risks materialize. Reporting and regulatory requirements around climate risk financial disclosure are also emerging, with TCFD reforms being implemented by national governments and stock exchanges across many jurisdictions. Because they are situated in current and future hazard areas, increasing physical risks from hurricanes, floods, and extreme weather will be felt keenly by energy infrastructure owners and operators (across upstream, midstream and downstream infrastructure). These facilities will invariably be exposed to increasing climate-related risks, as well as the economic changes from the energy transition. This discussion will elaborate on the meaningful impacts of these changes, both from a scientific and regulatory lens.