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Steve Holliday FREng FEI, President, Energy Institute:
Bernard Looney FREng FEI, CEO, BP:
Al Cook, Executive Vice President, Equinor:
Ben Ratner, Senior Director, Environmental Defense Fund:
Joan MacNaughton CB HonFEI, Chair, The Climate Group:
|Katherine Dunn, Associate Editor, Fortune magazine:|
'If [IP Week] felt like a mediated confrontation between the tensions of public pressure over climate change, and what the future of energy companies will look like, it was still a notable shift.'
Anna Kachkova, freelance journalist:
Matthew Carr, Reporter, Bloomberg:
Transformation through innovation, technology and talent
Sustainable Development Goals 7 and 13 define the need globally for all to have access to clean, reliable, affordable energy. Demand for energy continues to grow - by an estimated 25% by 2040 - as the world's population expands, and energy delivers wellbeing and better living standards to all. Almost 3 billion people still don’t have access to modern, safe energy for cooking, and almost a billion don’t have access to electricity and the services it provides.
The climate science is clear - we must remove harmful greenhouse gases from the atmosphere to levels that limit the damage that global temperature rises can cause. Therefore, transformational change is needed in society's approach to developing, supplying and using energy, and the pace of change must accelerate.
This is a challenge and opportunity for all sectors of the global economy to address. Civil society, the state, investors, shareholders and business leaders must collaborate to deliver the transformation we need. Among each of these groups this recognition is becoming more obvious, but the challenge comes in finding ways to collaborate to deliver real, practical solutions with the potential for global impact.
What does this mean for the oil and gas industry and what will the debate be at IP Week?
The oil and gas industry must explain why they are here now and what they provide to the world – an honest story is the one which explains that 54% of the world’s needs are met by oil and gas – and it cannot simply be turned off tomorrow.
Oil and gas operations today need to be as clean and efficient as technology will allow for. Focus must be renewed and targets toughened to reduce greenhouse gases, not just in scope 1 and 2 but also in 3 – reducing the impacts of the products that are produced.
The human ingenuity, skill and talent in the oil and gas industry should be acknowledged as it will be central to any future successes in providing energy for all.
Energy in Conversation is taking on the theme of IP Week: defining the industry’s role and delivering a low carbon future. This episode asks an existential question for the energy sector: what will today’s oil and gas companies look like in the net zero world of 2050? EI Chief Executive Louise Kingham hosts a conversation between Maarten Wetselaar and Bob Ward. They may not agree on everything, but one thing is for certain: to succeed in the future, companies must show leadership now.
Read the full interview in February's Petroleum Review
In one of his earliest speaking engagements, BP Group Chief Executive Bernard Looney will be the 2020 Guest of honour and speaker at the IP Week Dinner.
HE Mohammad Sanusi Barkindo, OPEC Secretary General, talks about OPEC’s role in helping unlock a carbon-free future, ahead of his keynote presentation at IP Week 2020.
Chair of the IP Week Programme Board states that IP Week 2020 will have a stronger than ever focus on the oil and gas industry’s role in delivering a low carbon future.