How to Realistically Decarbonize the Oil and Gas Industry | Bjørn Otto Sverdrup | TED Countdown
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- Опубліковано 3 жов 2024
- Bjørn Otto Sverdrup leads the Oil and Gas Climate Initiative (OCGI), which gathers the CEOs of twelve of the world's largest oil and gas companies around an ambitious goal: to get one of the leading contributors to climate change to drastically lower their own carbon emissions. He describes a possible path for the industry to pivot to net-zero operations, reimagining the role it could play in helping decarbonize the economy and igniting changes in how we consume energy. (Followed by a Q&A with Countdown cofounder Lindsay Levin)
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The speaker shared a well articulated road map to reducing carbon emissions, with different target levels of 1,4 and 20 gigatons. He shared the changing perception of oil and gas companies who now see themselves as 'energy' companies with the example of his own company investing in renewables - wind power. The fiscal incentives and disincentives needed to achieve this were indicated in the cost differential of reducing emissions. Today many FIs often under pressure from shareholders are withdrawing investments from companies engaged in producing and supplying fossil fuels. Fiscal measures would only encourage this. The Paris Agreement has provided a framework and objectives to achieve desired carbon emission goals. These can be reached only if the process of reducing carbon emissions does not severely dislocate economic activity. In developing countries where huge populations cause a large energy footprint, but per capita energy consumption/carbon emission is far lower than the developing world. The West is profligate in energy use to sustain a standard of living far above levels the world has ever known and is simply not sustainable if primary energy sources remain fossil fuels. A mainstay of the Industrial Revolutions since the 18th century were based on discovery of new energy sources and technology like the steam engine and electric power. Unless the developed world now is fully committed to using its superior resources and scientific capacity to help achieve a worldwide Energy Revolution in this century, the Paris Agreement will remain just a piece of paper. It is unrealistic to demand that the developing world reduce carbon emissions without offering alternative technologies and viable energy sources.
Viable.
Key word.
Any energy policy or initiative needs 3 aspects:
Economy
Ecology
National Security
Ted never talks 😞
Whats next, a talk from tobacco companies on how we can end the smoking epidemic
Instead of using a heat exchanger outside for your air conditioner, you could put that heat into a pre heating water tank for your hot water heater.
Standards like ones at plant.
This is what geothermal installations do. They install a second water heater which is heated from the excess heat which pre-heats the hot water you use in your home.
That’s called a heat pump water heater. But that cold air comes out in the winter as well, so most people put them in a garage.
And yet report after study has demonstrated that every promise made by the O&G sector to reduce emissions, invest in green tech, and stop exploration has just been cover for further development, emissions, and exploration. This is greenwashing of the highest order, and anyone who believe this is a mark.
I was a driller and am an oil/gas investor exclusively. The US super majors are experiencing record breaking free cash flows and margins yet reinvesting only 9% as an industry average in upstream exploration/production. The profits being reinvested are building ethylene oxide plants, carbon-capture/sequestration plants, re-opening refineries, MLP's and other partnerships for pipeline infrastructure, etc. So come at me again with this nonsense...? The EPA set the law for emissions controls in vehicles with the advents of ERG and other carbon-combustion modification enhancements that protect your air quality but deteriorate your engine faster. Oil and Gas companies are the #1 investors in "green energy" such as wind (arguably green at all). Natural gas is the best cost benefit of any energy for the United States given it's cost efficiency and cleanliness- PERIOD
Geothermal heating and cooling can be done very practically
In Iceland.
If circular economy is the end, these measures are important to the employees of these industries
@@thepeaksandthetroughs yess
@@thepeaksandthetroughs why? What is right is right
@@thepeaksandthetroughs we always were. English is not my mother language and i do not know if i was aggresive during this xchange
It's also for your size piping to your size of flowing thickness
To understand the direction of your rotation top
Cosmos,life and consciousness are quantum(Dirac),molecular(Dawkins) and memetic(Dennet) respectively
Thanks
Hey Bjorn, curious about the source of the 55 GT CO2 emissions globally. I've seen figures around 35 GT CO2 related to energy & industry but struggling to find data on the absolute total worldwide CO2 emissions. Any insights?
Save Our Planet Now
From who?
During all that do you know how to square its distance in size
Won't work. There is not incentive feedback loop. The plan to reduce has to be more powerful than easy money.
Do you also think your gauge is temperature treated for both sizes watering atmosphere or temperature directions to learn your drops or your environment ups
Do you measure your level bubble spread to the water or atmosphere to your pressure gauge
Sterling hot air engines may not work well for individual consumer cars but they would be fantastic for city busses.
Low maintenance, easy construction, Reliable high efficiency.
MUY IMPORTANTE ENTERARSE COMO SE LOGRAN OBTENER RESULTADOS AMBIENTALES EMPEZANDO POR LAS COMPAÑIAS PETROLERAS.
Volkswagen will advertise a "fully" electric vehicle but will still be built with fossil fuelled machines.
I guess we should just snap our fingers for instant results?
How else are you going to build a carbon-free industry, if not by using the things your carbon burning industry provides?
The biggest contributor is the HVAC side. My country, if dropped off the map wouldn't even budge a percent or more. You can blame oil and gas, but it's energy, how much we use, and pushing more electric although seems nice, doesn't really deal with the bottleneck we have. If you wanted to go off grid, what's the first thing you'd do concerning electronics? You'd find efficient ones yeah? Airjoule will be reducing HVAC energy consumption whilst producing fresh water. Not vaporware, this is in production by carrier, its the tech that will replace anything compressor related, and is quite similar to an LED vs an incandescent. You need technologies like this for any decarbonization because it's not the countries that have already had their industrial revolution, it's the countries that have not. Asia produces anywhere from 25 to 40 percent, and the only way anyone would chose decarbonizing when their own quality of life is tragic and they have the opportunity for a better quality life for themselves and children is to have the industrializing tech be decarbonizing to begin with. Look at the main energy Hoga and work on those, airjoule can reduce energy consumption by 75%
Rich guy bragging about how he and his buddies can change the world IF WE PAY them more money to sit and talk about change while everyone else suffer.
Lot of RPMs don't just go left or right just like that 186 billion dollar losing commissions
Trusting the oil and gas companies to be driving emissions reductions is a dangerous trust or hope in corporations that for 50+ years have done nothing to reduce emissions and still continue to campaign misinformation, doubt, delay and dilution of the need to act now!!!
Oil and gas will not change their supply chain as it is very lucrative. Only the industry of tobacco has higher operating margins! The play by the same playbook and are motivated equal... which isn't in the interest of the commons.
We need to force oil and gas to change via reduced demand for their products. Heat pumps to reduce natural gas use. Solar to reduce natural gas as electricity source. Electric vehicles to reduce gasoline / oil.
We need to force DEMAND DESTRUCTION in on 'orderly manner' - fast, furious, and forgetting oil and gas as part of the solution
Saying as a oil company you are going to reduce scope 1 emissions to net zero is like an arsonist saying that I'm going to stop setting fires but I'm still going to sell flame throwers to anyone who wants them.
Mhm. Look at this beautiful ad from the fossil fuel industry
Is it a paid ad?
You've never used fossil fuels? Lol
Home biogas generators Creating power for your home and meal worms eating your plastic waste would prevent you from having to take your trash to the road...
And reduce your need for infrastructure.
NIMBY?
@@cjoi5315 😆👍
Good one
They ain't got no fishing bobber pressure or nothing
wow
I learned nothing from this talk. “We got to do better” I heard from Captain Falcon already.
goooooooooo vegaaaaaaannnnnnnnnnnnn
I guess that's why all y'all are still looking for x trying to insert losses heirs
And which industries have been dragging their feet as much as they can, continuing to do so with a shill like this?
Any one reading this comment know Sadhguru 🙏??
🙋Yeah I know Sadhguru 🙏❤️🔥 I'm proud to be indian
Yes🙏
Ya I know Lil bit abt him
But u know full
Who is he ?
@@صلعلىرسولالله-ع5ز Sadhguru, is an Indian yoga guru and proponent of spirituality. He has been teaching yoga in southern India since 1982. In 1992 he established the Isha Foundation near Coimbatore, which operates an ashram and yoga centre that carry out educational activities
"Oil and gas companies are starting to see themselves as energy companies" there's one word in it that makes his whole talk collapse, "start" !
It's been 50 fucking years that we know about what's coming to us. And he's... "starting".
Hey mate
Which of the doomsday climate disasters predictions have actually materialised?
None they've been way off
Famine and mass starvation in the 70s
Al Gore predicted a ice free Antarctic by 2013
French foreign minister in 2014 said that we had
"500 days to avoid climate chaos"
Prince Charles 2009
"We have 96 months (8 years) to save the planet "
Yet here we are
@@Junglebtc well part of Northern England got as hot as the middle east this year. Europe essentially isn't having a winter at all this year either. You look very young to be having a boomer outlook in all this. Don't parrot the talking points of a generation that didn't give a single f about future generations. Your life is on the line you know that don't you? I also suggest you listen to what climate scientists have been saying not public figureheads like Al gore or Prince Charles. Anyway ur probably a Russian bot account
PIVOT to renewables & nuclear power oil companies. Doesn't matter where the 💵 comes from... as long as ur collecting right?
We dont need nuclear. Try again.
@@ccrider3435 U must be an ignorant 🐜 or a paid shill. READ about the scale of climate change & about thorium, nuclear reactors (e.g. LFTR). Nuclear is vastly SUPERIOR to any renewables or fossil fuel in ⚡ output.
It will be interesting to see what all the experts "think" after the next year of energy crisis due to overreliance on electrification
Do you know how bad electrification is on our health?
Equinor sorry...
Let's say that the USA acts in such a way (deliberate or politically) to reduce our own ability to produce and/or consume fossil fuels (we have already without much forethought) - and then we are to expect replacement of such energy losses by wind and solar power... o.k., let's talk about electric cars, affordability, life style adaptation (example what is the range for a single drive?), recharging stations availability, uhhh... o.k. I live in Seattle, how does solar power work for me (all year?). NONE of these talk people ever produce graphs or substantive evidence that the replacement power will be equal to our present needs. But that's fine. Let's do it anyway. I'm sure once we do so China and Russia and the rest of the world will follow suit. No? Well, no matter... I do appreciate this talk. But when is one of these speakers, any of them, going to lay out a real plan on how to keep maintaining the world's energy needs, let alone ours, in the picture - realistically? I did like this speaker honestly, but I never hear a plan on how to do IT. Never. Just wishes.
Discussing this topics presents the opportunity to create plans for local level energy. He spoke on a mindset for the energy field and it can be applied in any place of living.
Folkrtrygdfondet Norwegian government pension fund is over 77% weight in this guys company Equinox eqnr on NASDAQ. Look at financials??? All about money!
the only way to get these ideas moving and into practice is thru the motivation of a carbon tax (and a wealth tax) !! capitalism has the tool of taxes to correct itself.
Already done the carbon tax
Only way renewables can match cost effectiveness of carbon based ones
It’s decarbonised
they have invented a factory to remove cardon from the air and turn it into fuel and it will run in the vehicles planes that we already have .it would be far better for the inviroment to simply change the fuel rather than the fleet
where is located this miraculous factory?
@@BogdanStroe carbon engineering ltd there lots of videos on youtube check them out pretty cool tech
❤️❤️
Say about Ukrainian
Well at least they're finally coming around I guess? Considering the Oil & Gas industry is one of the most archaic, and hardest/slowest industry's to innovate in.
But all things considered, that's also where the big bucks are made. Meaning I'm sure they can afford to change themselves without their customers having to suffer. Should only require a bit less greed, a bit more self-preservation, and maybe some guidance from enviromental intellectuals lol
⚠️THE WAR IS GOING ON⚠️
Please share this on any Russian sources:
СЕЙЧАС ВАЖНАЯ ИНФОРМАЦИЯ:
Я и все люди в мире которые хотят окончания войны просим вас об этом:
Люди, надежда сейчас на Россиян. Сопротивление сильнее всего, когда оно идёт изнутри. Если вы можете, прошу, выходите на улицу, делайте хоть что либо, это может спасти жизни!
Я знаю что сейчас вам тяжело как никогда. Экономика на голову рушется. И за неправильные слова у вас могут отнять работу, учёбу или свободу. Но если война продолжится, то они уже ничего не будут значить. Так что, пожалуйста, хотя бы расспростроняйте информацию, держать людей в неведении - это преступление против людских прав. Если вы сейчас не заговорите, то потом уже будет позно. Распростроняйте информацию. Прошу вас как обычный человек который страдает от войны.
Ради будущего всех нас.
Не молчите.
Не верьте слепо источникам, даже мне. Старайтесь докопаться до истины своими же усилиями. Мир в ваших руках.
Russian people don't have a clue about what's actually going on. It's a call for them to spread the information by any risks and by any possible ways. We need resistance from within to defeat Putler. I beg you, please share this!
Hardest/Slowest industries to innovate? I was a former oil driller and we've seen MASSIVE innovations in:
-casing protection and plug/abondon requirement procedures
-directional drilling (MWD components)
-drill bit and mud motor technology
-battery power for pumping
-safety standards for workers
The list goes ON and ON...
@@ericdoheny9108 Okaaaaay, and good for you.. But how does any of that apply to innovation in decarbonization?
Nothing personal but this just seems like an irrational/emotional response to my comment lol
@@Phatxual no offense but viewing carbon as a toxic component to our environment seems like an irrational & brainwashed response (considering how little of atmospheric gases it comprises & how insignificant humanity's industrial activity contributes to any verifiable increase compared to oceanic and volcanic processes). Whatever happened to reduce/reuse/recycle ♻️?
The method by which grant money funds a confirmation of a conclusion rather than beginning with a hypothesis is the EXACT OPPOSITE of any "scientific method." This is why I dropped out of a pre-med program in college.
@@Phatxual carbon capture and sequestration plants like the one being built by ConocoPhillips in the US right now- how does that help? Well- nitrogen was a primary gas used for well stimulation as part of the flow-back procedure which takes place after perforating and fracking. They realized carbon dioxide works just as well to stimulate well production at this stage (case in point). Ask questions to someone whom knows more than you and ye shall receive clarity 😉
Sadly this guy is so far off base . But the sheep listen . Population is the problem .
It’s going to be difficult but there are signs of hope - O&G investment IS falling, which means more expensive Gas which means more EVs bought which reduced Oil demand & thus lower production.
Still, the average car age is around 11 years & we are looking at least 2 cycles (probably more) to retire all the gas cars. That’s too long.
there is still no “Volkswagen” of the EV market - a truly affordable EV - not to mention issues still surrounding plug ins.
It’s going to happen but to do it in time is going to take more incentives that we have now.
I love how people talk about electric cars as if "electricity" is AN ENERGY SOURCE 🤣
That's not hope. That is our impending doom.
While the US is entangled with European crises, China will be busy moving into the future. Semiconductors, automation, AI, and cheap/secure/reliable energy to power it all.
How do we decarbonize hydrocarbons? LMAO 🤣
GEE, carbon is so terrible but it's the number one element in the human body
The important things to talk about in the middle of war...
Long term important yes , climate change doesn't go away .
👍
Second
Yeah, you're a "second" rate commentator.
Blah, Blah, Blah
First
I'm
Your this achievement will be written in golden words in history
@@shivamy2775 😂😂
Ad or not, we still need fossil fuel use to go to zero. Why not start with russian gas?
⚠️THE WAR IS GOING ON⚠️
Please share this on any Russian sources:
СЕЙЧАС ВАЖНАЯ ИНФОРМАЦИЯ:
Я и все люди в мире которые хотят окончания войны просим вас об этом:
Люди, надежда сейчас на Россиян. Сопротивление сильнее всего, когда оно идёт изнутри. Если вы можете, прошу, выходите на улицу, делайте хоть что либо, это может спасти жизни!
Я знаю что сейчас вам тяжело как никогда. Экономика на голову рушется. И за неправильные слова у вас могут отнять работу, учёбу или свободу. Но если война продолжится, то они уже ничего не будут значить. Так что, пожалуйста, хотя бы расспростроняйте информацию, держать людей в неведении - это преступление против людских прав. Если вы сейчас не заговорите, то потом уже будет позно. Распростроняйте информацию. Прошу вас как обычный человек который страдает от войны.
Ради будущего всех нас.
Не молчите.
Не верьте слепо источникам, даже мне. Старайтесь докопаться до истины своими же усилиями. Мир в ваших руках.
Russian people don't have a clue about what's actually going on. It's a call for them to spread the information by any risks and by any possible ways. We need resistance from within to defeat Putler. I beg you, please share this!
Why is carbon dioxide suddenly bad? All life on this planet needs carbon to exist. These people are insane.
Are you deliberately being dense? CO2 is a greenhouse gas that traps heat in our atmosphere raising the average global temperature.
It is about a balance, currently out of balance
@@vesawuoristo4162 Current plantlife has developed in an atmosphere carrying about 600 ppm Carbon Dioxide, or 200 ore than we currently have. So you are right about the "out of balance" part, just not in the way you think...
@@SamWatsonTV It's pretty simple, no carbon=no carbon based life forms. Plants need carbon and people need plants. Enough with this wacky conspiracy theory about "global warming".
Congrats on being early and finding this comment 🥇