EXECUTIVE PLENARY SESSION: Transforming the Energy Industry to Deliver Affordable, Sustainable and Clean Energy
As environmental concerns, particularly those linked to climate change intensify societies face the dilemma of Balancing Economic Growth and Environmental Sustainability. Energy companies are at the forefront of this challenge. While traditionally the focus has been on maximizing profit through the extraction and sale of different forms of energy, many companies are now adopting strategies to address environmental concerns thru energy diversification and low carbon initiatives. The likes of;
- Investment in Renewable Energy
- Carbon Capture Use and Storage (CCUS)
- Adopting Natural Gas as a “Transition Fuel”
- Emission Reduction Targets
- Energy Efficiency and Cleaner Production
- Circular Economy and Biofuels
Despite above adopted measures to balance economic growth and climate change pressure, Energy companies continue to face considerable challenge in this space.
In this session speakers can contribute to the discussion by addressing issues like:
- How are their companies dealing with the dilemma of balancing economic growth and environmental sustainability?
- What revisions are they having in their investment criteria to handle extra expenditure to tackle abatement of GHG emissions, while still having profitable projects to sanction?
- Where do public policies, Technology and Innovation, market shifts and other factors are coming into play to make achieving the balance more effective?
- Do traditional Oil & Gas industries need to re-invent themselves or collaborate more heavily with other, traditionally not collaborated with industries more extensively, to expedite the shift towards cleaner energy supplies?
- What is the panel view on the ongoing debate that some are calling for that the Oil & Gas producing companies not to be trusted to play a part in the Climate agenda as they are part of the problem and not part of the solution?