Switched On
Big Oil Pumps the Brakes on Its Dirty Asset Divestment
Sep 5, 2024
David Doherty, the Head of Oil and Renewable Fuels Research at BloombergNEF, shares insights on the shifting landscape of oil asset divestment. He highlights the surprising $290 billion divestment by major oil companies since 2015, yet notes a recent slowdown. The discussion delves into how rising energy prices and public pressure for decarbonization are reshaping strategies. Doherty emphasizes that mere asset divestment won't ensure a greener future, urging a deeper look into investment practices and the importance of balancing financial returns with environmental accountability.
31:54
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- International oil companies are facing pressure to divest high-emission assets, yet actual emissions may not decrease due to transaction opacity.
- Shifting investment priorities in oil firms emphasize shorter-return projects over traditional upstream assets amid fluctuating energy prices.
Deep dives
Performance Transformation Through AI
Artificial intelligence (AI) has become a driving force in enhancing business performance, enabling significant improvements in streaming services like Netflix. By leveraging Intel AI accelerators, Netflix achieved a remarkable boost in its streaming performance, increasing speed by up to three and a half times. This advancement is attributed to Intel's AI technology, which reportedly outperforms its competitors by 30%. Implementing AI on existing architectural frameworks not only optimizes performance but also presents businesses with a route to modernize their operations.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
