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How to realistically decarbonize the oil and gas industry | Bjørn Otto Sverdrup
TED Climate
Understanding the Changing Landscape of Oil Exploration
Many companies are pushing for new oil exploration, but there is recognition that oil needs to decline to meet climate goals. The world total expiration for new oil and gas has dropped by almost 55% in the last 16 years. Some companies are already planning to reduce production. The question is how to balance the need for exploration with the need to reduce oil production to meet climate goals.
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