How to realistically decarbonize the oil and gas industry | Bjørn Otto Sverdrup

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4.1 • 11.9K Ratings

🗓️ 11 January 2022

⏱️ 14 minutes

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Summary

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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Transcript

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0:00.0	I'm Elise Hugh. You're listening to TED Talks Daily. You're about to hear of an ambitious initiative.
0:10.0	The idea is to get one of the world's leading contributors to climate change, oil and gas companies, to drastically lower their emissions.
0:19.5	Bjorn Otto Svedrop is leading this coalition of those companies,
0:22.9	and in his talk from the Countdown Summit in 2021,
0:26.4	he sheds light on the work underway to make this dramatic change
0:30.0	and why it's so urgent.
0:32.8	Stick around to the end for a brief Q&A with Countdown co-founder, Lindsay Levin.
0:39.8	I'm an identical twin. This is a picture of me and my twin brother, running a 60-metres race
0:48.0	five years old. I can't tell who's who. My mom can still not tell the difference either.
0:57.1	Also, at the time, I didn't know that the air we were breathing when we were running
1:01.4	had a concentration of 320 particles per million.
1:06.8	Today, that is 410.
1:10.7	Scaringly close to the 430 threshold scientists are telling us we need to stay below in order to keep below 1.5 degrees warming.
1:20.9	This change has happened in my lifetime, in our lifetimes.
1:26.0	A big part of the challenge is the energy system. Actually, two-thirds of the
1:32.5	energy system is coming from fossil fuels. So basically, we cannot fix climate without fixing the
1:39.7	energy system. And the one industry that needs to make the biggest change is the oil and gas industry.
1:47.9	Many are blaming the oil and gas industry, giving up on it ever-changing, being very impatient
1:54.6	to see change. I can understand that impatience, I am impatient too,
2:06.3	but I still believe that we are better off not ignoring this industry.
2:12.1	Let's instead try to turn it into to help drive the change we need to see.
2:14.2	Let me tell you why.
	...

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