Birol: CCUS a ‘huge opportunity’ for industry
International Energy Agency head calls on oil and gas companies to invest in non-core assets including CCUS and clean energy to maintain their social license
Global oil and gas companies have a “huge opportunity” to “get a social license in the fight against climate change” by pushing carbon capture, utilisation and storage (CCUS), Fatih Birol, executive director of the International Energy Agency (IEA), told delegates at IP Week in London. The energy sector is responsible for approximately three-quarters of greenhouse gas emissions he told the Energy Institute’s flagship event, which was dominated by climate change. “But there are ways, options, that we can use to reduce [energy sources’] carbon footprints.” Birol chaired the World Economic Forum’s energy advisory board meeting in Davos for the fourteenth time at the end of January. “It is the
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