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Intelligence Squared

Tides of Transformation: Regulating Oil

Nov 10, 2023
42:50
Snipd AI
Activists challenge oil and gas authority, role of licensing in addressing climate change, mechanisms of oil industry licenses, debating significance of licensing in regulating oil, understanding scope one, two, and three emissions, urgent need for reform in regulatory system for oil licenses
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Quick takeaways

  • Oil and gas licensing should prioritize social and environmental risks over economic recovery.
  • Addressing all scopes of greenhouse gas emissions is crucial in combating climate change.

Deep dives

The Urgency of Addressing Climate Change in Oil and Gas Licensing

Oil and gas licensing has become a crucial battleground in addressing climate change urgency. Activists are challenging regulators, arguing that licenses are being granted without considering the full consequences of extraction on the environment and public good. The need to transition away from fossil fuels is emphasized, and the question of who benefits from oil licenses and how to measure that benefit is raised.

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