A new global study reveals that 78% of business executives in the Philippines are contemplating moving their operations to other countries. The primary driver for this potential exodus is the nation’s reliance on imported fossil fuels, which leaves businesses vulnerable to volatile energy prices and supply disruptions. These recurring “energy shocks” are creating an unstable operating environment, prompting companies to seek more reliable energy sources elsewhere. The study highlights concerns about the long-term economic impact of continued dependence on foreign energy markets. This potential outflow of investment could significantly impact the Philippine economy and job market. Industry leaders are urging the government to accelerate the development of renewable energy sources to mitigate these risks and retain businesses within the country. The findings underscore the urgent need for energy independence and diversification in the Philippines.