TED Talks Daily How to realistically decarbonize the oil and gas industry | Bjørn Otto Sverdrup
Jan 11, 2022
Bjørn Otto Sverdrup, leader of the Oil and Gas Climate Initiative, discusses how major oil and gas companies can significantly lower carbon emissions. He outlines a pragmatic approach to achieving net-zero operations while still addressing the sector's energy demands. The conversation touches on the '1-4 challenge' for reducing CO2 emissions and emphasizes the necessity of collaboration and ambitious policy support. Sverdrup also highlights the industry's shift towards renewable energy to gain public trust and fulfill climate commitments.
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Twin Race Analogy
- Bjørn Otto Sverdrup showed a childhood photo of himself and his twin brother running a race.
- He noted the air's CO2 concentration was 320 ppm then versus 410 ppm today, highlighting the change within his lifetime.
Energy System and Climate Change
- Two-thirds of the energy system relies on fossil fuels, making them central to climate change solutions.
- Addressing climate change necessitates fixing the energy system, particularly the oil and gas industry.
OGCI's Influence
- Bjørn Otto Sverdrup leads the Oil and Gas Climate Initiative (OGCI), comprising 12 major oil and gas companies.
- These members collectively produce nearly 30% of the world's oil and gas, making their actions impactful.