Navigating the Energy Transition with Oil & Gas Insider Tisha Schuller
Jan 2, 2024
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Tisha Schuller, a former CEO of the Colorado Oil & Gas Association, shares insights on navigating the energy transition in the oil and gas industry. She discusses the importance of a shared vision for the future, breaking down silos, understanding different mindsets, divestment debates, the future energy mix in the US, aligning lobbying dollars with long-term vision, and collaborative approaches to climate solutions.
Oil and gas companies need to embrace the energy transition and become sustainable hydrocarbon players or transition fully into clean energy suppliers.
Collaboration, transparency, and consistency are crucial for oil and gas companies to navigate the energy transition and be part of the climate solution.
Deep dives
The Shift Towards Energy Transition
The podcast episode discusses the importance of oil and gas companies embracing the energy transition to address climate change. It highlights the need for traditional companies to become sustainable hydrocarbon players, transitioning energy suppliers, or wholly transition into clean energy suppliers. The shift towards cleaner energy sources and decarbonization is seen as the way forward, but it involves repurposing existing infrastructure and resources, as well as collaborating with startups and other industries. The episode emphasizes the significance of transparency, consistency, and the need to navigate the challenges of lobbying and politics to align with long-term goals.
Changing Sentiments Within the Oil and Gas Industry
The podcast explores how sentiments within the oil and gas industry have changed, driven by shifts in demographics and stakeholder preferences. With millennials dominating the workforce and a focus on climate action and purpose, companies are urged to prioritize transparency and consistency. The episode acknowledges the difficulties faced by oil and gas employees and executives but also highlights the excitement and opportunities the energy transition brings. It emphasizes the need to transcend politics and create a bigger tent for collaboration, avoiding vilification and encouraging oil and gas companies to be part of the climate solution.
Building Trust and Partnerships
The podcast emphasizes the importance of building trust and partnerships in the energy transition. Startups and traditional energy companies are encouraged to work together, combining innovative technologies with the resources and expertise of established infrastructure companies. The focus is on creating shared visions of the future, repurposing existing assets, and addressing community needs through clear communication, engagement, and co-benefit partnerships. The episode highlights the role of transparency, engagement, and consistency in navigating the complexities of permitting, community buy-in, and project execution.
The Need for Repurposing and Transforming Industries
The podcast stresses the need for repurposing and transforming traditional industries to achieve a decarbonized energy mix. It suggests repurposing oil and gas infrastructure for lower carbon and ultimately net zero fuels and electricity, as well as exploring opportunities in geothermal, carbon capture, and sequestration. The episode highlights the importance of efficiency, utilizing existing resources, and reducing environmental footprints. The focus is on building an energy mix that combines renewables, nuclear, clean gases, and offsets, while acknowledging the challenges and longer timelines associated with building new energy projects.
Tisha Schuller is the founding CEO of Adamantine Energy. At Adamantine, Tisha consults with clients ranging from Fortune 100 energy companies to nonprofit environmental organizations on topics related to energy policy, business strategy, politics, and community engagement. With a background as the former president and CEO of the Colorado Oil & Gas Association and as a strategic advisor for Stanford University's Natural Gas Initiative, Tisha offers valuable insights into the energy sector. She's a member of the Natural Petroleum Council and has been on the advisory board to the Secretary of Energy under the Obama, Trump, and Biden administrations. She has authored three books, most recently, Real Decarbonization: How Oil and Gas Companies Are Seizing the Low-Carbon Future, as well as The Gamechanger's Playbook: How Oil & Gas Leaders Thrive in an Era of Continuous Disruption, and Accidentally Adamant, her own story of her time running the Colorado Oil & Gas Association.
MCJ exists to break down silos and to help people understand climate change, and in some ways, it feels like Tisha at Adamantine is doing the same thing with a different orientation. She comes from oil and gas and she's focused on the energy transition and how to help oil and gas leaders navigate their companies through it.
Not all listeners will agree with Tisha's perspective, but a big part of her message is in trying to start from a shared vision of the future and work backward. We enjoyed hearing about how she uses this approach today and the perspectives she's gained in doing so.