Those emissions would have to fall 60% by 2030, driven by declines in emissions intensity and consumption, the group said. Last year, the production and processing of oil and gas accounted for roughly 15% of global energy-related greenhouse gas emissions, according to a report from the International Energy Agency. “The question becomes, ‘How do we manage the transition without leaving people in energy poverty?”įor the oil and gas sector, reducing emissions enough to meet global climate targets will require a massive effort.
“The industry is pushing as hard as it can to try to find ways to meet society’s objectives,” Masson said in an interview. based in Calgary, the conference’s host city - said on a recent earnings call that the company will shed its “disproportionate emphasis” on the energy transition and focus on creating value from its oil-sands asset base.īut Richard Masson, chair of the World Petroleum Council in Canada and one of the organizers of this year’s meeting, said the desire to keep energy affordable and shareholders happy need not come at the expense of the environment - an especially acute tension for Canadian drillers, who’ve come under fire for their high emissions and the environmental damage they’ve caused. Rich Kruger, the CEO of Suncor Energy Inc. Shell CEO Wael Sawan has told shareholders his company will play to its strengths by renewing its emphasis on oil and gas production. Investors share those concerns and see a fresh appeal in the oft-maligned business of oil drilling. Chief Executive Officer Darren Woods and Saudi Energy Minister Abdulaziz bin Salman Al Saud, will tackle topics including decarbonizing hydrogen production and indigenous participation in net zero efforts - fitting for a gathering titled “Energy Transition: The Path to Net Zero.” But the theme runs counter to the song many industry executives are singing.įor them, the security of global energy supplies has become a top priority, thanks to Russia’s war on Ukraine.
(Bloomberg) - At this year’s World Petroleum Congress in Calgary, Canada, about 500 speakers, including Exxon Mobil Corp.
0 kommentar(er)
