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Intelligence Squared

Oil Today: Beyond Extraction

Oct 13, 2023
42:32
Snipd AI
Former CEO of the Net Zero Technology Centre, Colette Cohen OBE, and former trade union organiser, Jake Molloy, discuss the evolution of the oil sector in Britain, the challenges of clean energy projects, and the importance of a rapid and just energy transition. They also highlight the significance of the Stannler Refinery, the need for a balanced discussion on oil, and the complexity of transitioning the workforce to renewable energy.
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Podcast summary created with Snipd AI

Quick takeaways

  • The podcast emphasizes the need for a comprehensive understanding of the UK oil industry and the interconnected nature of its different components including offshore, refineries, trading, and finance in order to drive meaningful change in the face of the climate emergency.
  • The challenges and demands for change in the UK oil sector are being raised by environmental activists, echoed by various institutions and sectors of society, and require certainty, shared risk, and government support to facilitate a well-managed and inclusive transition process.

Deep dives

The Importance of Understanding the UK Oil Sector

This episode of Tides of Transformation explores the UK oil sector and the need for change in the face of the climate emergency. The podcast begins by discussing the Standler Refinery as a representation of the deep connection between the UK and oil. It highlights that attitudes towards oil have changed over the years, but the industry remains deeply rooted in our communities and economy. The podcast examines the different stakeholders involved, including governments, environmental activists, and the workforce. It also delves into the complexities of the oil industry, such as the distinction between upstream (oil production) and downstream (refining and distribution), and the significance of global oil trading. Overall, the episode emphasizes the need for a comprehensive understanding of the oil industry in order to drive meaningful change.

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