March 15, 2023
•News
The world’s oil and gas supermajors have been managing lots of headwinds these days not only from the market, but also rising social pressures to move more urgently to address the threat of climate change. Some oil majors have been exploring low-carbon sources of energy, expanding their businesses into power and other parts of the energy sector even as most of their capital expenditures remain in their traditional businesses. As such, the role of the oil and gas industry in the energy transition is a timely and increasingly important topic.
This week on the Columbia Energy Exchange podcast, host Jason Bordoff is joined by Maarten Wetselaar, Director of Integrated Gas & New Energies and Member of the Executive Committee of Royal Dutch Shell. He’s responsible for Shell’s gas business, including its industry-leading liquefied natural gas and gas-to-liquids businesses. He also leads the new energies business, including Shell’s investment in new fuels, new energy carriers, and new business models for a low-carbon future.
Jason and Maarten discuss the role of the oil and gas industry in the energy transition, and prospects for addressing climate change and reducing emissions, while meeting the growing demand for energy.
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Achieving the goal of net-zero greenhouse gas emissions by 2050 requires a substantial reduction in the share of high-emitting fossil fuels in primary energy consumption.