How to Realistically Decarbonize the Oil and Gas Industry | Bjørn Otto Sverdrup | TED Countdown

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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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2 мар 2022

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Комментарии : 123

@atenas80525 2 года назад

Any energy policy or initiative needs 3 aspects: Economy Ecology National Security

@jayantochoudhury5631 2 года назад

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.

@kevinwells4986 2 года назад

Viable. Key word.

@jayd.o.t 2 года назад

Ted never talks 😞

@TonyFarley-gi2cv 24 дня назад

Do you measure your level bubble spread to the water or atmosphere to your pressure gauge

@eyewonder6448 2 года назад

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.

@NitinSingh-uf2bf 8 месяцев назад

Standards like ones at plant.

@sis1296 5 месяцев назад

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.

@greenlaw6503 2 года назад

If circular economy is the end, these measures are important to the employees of these industries

@greenlaw6503 2 года назад

@@thepeaksandthetroughs yess

@greenlaw6503 2 года назад

@@thepeaksandthetroughs why? What is right is right

@greenlaw6503 2 года назад

@@thepeaksandthetroughs we always were. English is not my mother language and i do not know if i was aggresive during this xchange

@TonyFarley-gi2cv 24 дня назад

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

@deepakarya7929 2 года назад

Thanks

@JogBird 2 года назад

Whats next, a talk from tobacco companies on how we can end the smoking epidemic

@TonyFarley-gi2cv 24 дня назад

During all that do you know how to square its distance in size

@priyankagarai1468 2 года назад

Cosmos,life and consciousness are quantum(Dirac),molecular(Dawkins) and memetic(Dennet) respectively

@eyewonder6448 2 года назад

Geothermal heating and cooling can be done very practically

@sammencia7945 Год назад

In Iceland.

@mcresk Месяц назад

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?

@B0kkos 2 года назад

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.

@ericdoheny9108 Год назад

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

@eyewonder6448 2 года назад

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.

@TonyFarley-gi2cv 24 дня назад

It's also for your size piping to your size of flowing thickness

@TonyFarley-gi2cv 24 дня назад

To understand the direction of your rotation top

@whatthefunction9140 2 года назад

Won't work. There is not incentive feedback loop. The plan to reduce has to be more powerful than easy money.

@parrotyee 2 года назад

Volkswagen will advertise a "fully" electric vehicle but will still be built with fossil fuelled machines.

@ccrider3435 2 года назад

I guess we should just snap our fingers for instant results?

@Alexander_Kale 2 года назад

How else are you going to build a carbon-free industry, if not by using the things your carbon burning industry provides?

@vthilton 2 года назад

Save Our Planet Now

@caitlinpreece9811 Год назад

From who?

@TonyFarley-gi2cv 24 дня назад

They ain't got no fishing bobber pressure or nothing

@StudioSkiesAndWater 2 года назад

goooooooooo vegaaaaaaannnnnnnnnnnnn

@TonyFarley-gi2cv 24 дня назад

Lot of RPMs don't just go left or right just like that 186 billion dollar losing commissions

@TonyFarley-gi2cv 24 дня назад

I guess that's why all y'all are still looking for x trying to insert losses heirs

@eyewonder6448 2 года назад

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.

@cjoi5315 11 дней назад

NIMBY?

@eyewonder6448 10 дней назад

@@cjoi5315 😆👍 Good one

@MortenLeeRai 6 месяцев назад

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

@apexpredator1018 2 года назад

PIVOT to renewables & nuclear power oil companies. Doesn't matter where the 💵 comes from... as long as ur collecting right?

@ccrider3435 2 года назад

We dont need nuclear. Try again.

@apexpredator1018 2 года назад

@@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.

@MLSTRYT Год назад

wow

@ottertubetv9356 Год назад

I learned nothing from this talk. “We got to do better” I heard from Captain Falcon already.

@greggary7217 2 года назад

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.

@ericdoheny9108 Год назад

I love how people talk about electric cars as if "electricity" is AN ENERGY SOURCE 🤣

@caitlinpreece9811 Год назад

That's not hope. That is our impending doom.

@atenas80525 2 года назад

It will be interesting to see what all the experts "think" after the next year of energy crisis due to overreliance on electrification

@caitlinpreece9811 Год назад

Do you know how bad electrification is on our health?

@stop7305 Год назад

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

@BogdanStroe Год назад

where is located this miraculous factory?

@stop7305 Год назад

@@BogdanStroe carbon engineering ltd there lots of videos on youtube check them out pretty cool tech

@kevinwells4986 2 года назад

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.

@algonza6638 2 года назад

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.

@markschuette3770 2 года назад

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.

@Junglebtc Год назад

Already done the carbon tax Only way renewables can match cost effectiveness of carbon based ones

@kwennemar 2 года назад

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.

@sladefuqua5459 2 года назад

Equinor sorry...

@Alitari 2 года назад

And which industries have been dragging their feet as much as they can, continuing to do so with a shill like this?

@mathevideos9909 2 года назад

Mhm. Look at this beautiful ad from the fossil fuel industry

@mrauni2211 2 года назад

Is it a paid ad?

@rubenbarrera7338 Год назад

You've never used fossil fuels? Lol

@sladefuqua5459 2 года назад

Folkrtrygdfondet Norwegian government pension fund is over 77% weight in this guys company Equinox eqnr on NASDAQ. Look at financials??? All about money!

@geraldmerkowitz4360 2 года назад

"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".

@Junglebtc Год назад

Hey mate Which of the doomsday climate disasters predictions have actually materialised? None they've been way off

@Junglebtc Год назад

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

@deanfowles3707 Год назад

@@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

@Phatxual 2 года назад

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

@ananas-007 2 года назад

⚠️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!

@ericdoheny9108 Год назад

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...

@Phatxual Год назад

@@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

@ericdoheny9108 Год назад

@@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.

@ericdoheny9108 Год назад

@@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 😉

@russozelinsky 5 месяцев назад

Price to pay for not pro-actively managing the human population. To reach the 1st billion, it took from the beginning of humanity till 1900. So it took nearly 500,000 years or more for the human population to get the 1st billion. Since 1900, we have added another 6 billion and counting. So we added another 6 billion in just 123 years? Considering a finite amount of resources (including air and water) and land, what makes one think there will be no adverse impact of continued population growth?

@daftmedic1 2 года назад

It’s decarbonised

@shashanksaini6415 2 года назад

❤️❤️

@user-yw6if6jg5o 2 года назад

👍

@moshtnosinite 2 года назад

The important things to talk about in the middle of war...

@vesawuoristo4162 2 года назад

Long term important yes , climate change doesn't go away .

@ivan4659 2 года назад

Say about Ukrainian

@OldCleisthenes 2 года назад

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.

@ellenhilarious6761 2 года назад

Second

@thepeaksandthetroughs 2 года назад

Yeah, you're a "second" rate commentator.

@helpmereach45ksubswithoutvideo 2 года назад

Congrats on being early and finding this comment 🥇

@ericdoheny9108 Год назад

How do we decarbonize hydrocarbons? LMAO 🤣 GEE, carbon is so terrible but it's the number one element in the human body

@varun_sai_s 2 года назад

Any one reading this comment know Sadhguru 🙏??

@ishmilquasim807 2 года назад

🙋Yeah I know Sadhguru 🙏❤️🔥 I'm proud to be indian

@gangalaxmi7938 2 года назад

Yes🙏

@charangowdabk9749 2 года назад

Ya I know Lil bit abt him But u know full

@user-wb5ei3bv1k 2 года назад

Who is he ?

@varun_sai_s 2 года назад

@@user-wb5ei3bv1k 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

@luisstransport 2 года назад

First

@shashanksaini6415 2 года назад

I'm

@shivamy2775 2 года назад

Your this achievement will be written in golden words in history

@KAFU69 2 года назад

@@shivamy2775 😂😂

@_vofy 2 года назад

Ad or not, we still need fossil fuel use to go to zero. Why not start with russian gas?

@littletownie4008 2 года назад

Blah, Blah, Blah

@davidbrooks1724 Год назад

Sadly this guy is so far off base . But the sheep listen . Population is the problem .

@ananas-007 2 года назад

@brittonprice637 2 года назад

Why is carbon dioxide suddenly bad? All life on this planet needs carbon to exist. These people are insane.

@SamWatsonTV 2 года назад

Are you deliberately being dense? CO2 is a greenhouse gas that traps heat in our atmosphere raising the average global temperature.

@vesawuoristo4162 2 года назад

It is about a balance, currently out of balance

@Alexander_Kale 2 года назад

@@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...

@brittonprice637 2 года назад

@@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".