Every little counts when cutting emissions
Incremental savings in emissions across the supply chain and in operations add up to significant environmental gains for oil and gas companies
As the world continues its journey towards a net-zero future, the expectations on the oil and gas industry to make dramatic reductions in carbon and methane emissions become ever more pronounced. That is understandable. Delivering on the promises made as part of the Paris Agreement requires the biggest transformation in the history of the energy industry. An estimated $120tn will need to be invested in clean energy between now and 2050. This creates a dilemma for energy companies as the vast majority of investment in lower-carbon energy production is likely to come from them. They must strike the right balance between maintaining returns and recycling capital from oil and gas production into
Also in this section
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
11 April 2024
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies