Emerging opportunities are strategic themes that are expected to become growth priorities after further development. These opportunities should provide us with material growth in free cash flow in the next decade or beyond. We seek to manage our exposure to those businesses while establishing scale.
We have a substantial position in shales in North America and Argentina. These are in production today, with substantial longer-term growth potential.
Our New Energies business is exploring opportunities in various sectors and we intend to invest at scale in new opportunities, where sufficient commercial value is available.