Look around at what other countries are doing to tackle climate change. Are you a fan of the US’s Inflation Reduction Act? It is, in part, funded by an explosion in the US’s production of shale gas. Do you like Norwegian subsidy schemes for electric vehicles? Those are partly funded by Norway’s oil and gas exports. Can you name one of our biggest competitors in developing carbon capture technology? One of the largest is Saudi Arabia.
Following a day of active discussions at the Shaping the Future of Shipping: Delivering a Net Zero World summit yesterday, a course was set to deliver on the International Maritime Organization’s net zero strategy. The industry initiative brought together over 60 organisations to discuss tangible solutions to meet the ambitious net zero targets by or around 2050.
Despite the call heard ’round the world commanding the global business community to divest from fossil fuels and shrink their carbon footprints in the name of net zero, international oil companies (IOCs) still recognize Africa as their next frontier.
Underinvestment in oil and gas exploration has been a scarecrow for energy security for several years now.
(WO) — Government and industry gathered on Nov. 30 to discuss energy security, the energy transition to net zero and challenges to maintaining investment in the North Sea during a forum hosted by industry regulator the North Sea Transition Authority (NSTA).
Energy security has been ignored for too long, a diversified and global strategy is needed if the world is going to avoid future energy crises