Gaia01 Gaia Special Session: How can regenerative processes help the oil industry achieve its climate goals?
This panel will address how we can partner with nature as we identify and deploy regenerative practices that can be adopted by the oil and gas industry to help restore boundaries of the planet's carrying capacity. There are nine planetary boundaries and six are in thought to be in breach according to the Stockholm Resilience Center.
Regenerative processes and best practices seek to restore depleted ecosystems, reinforce natural cycles, and minimize waste through process reengineering and circular economics with nature as an enabling partner. 0 & G has a vital role to play when it comes to regenerative processes to help move the planet back to more habitable conditions for humans and all living things.
In 2015 the following four boundaries were identified as being in breach already; climate change, loss of biosphere integrity (biodiversity loss and extinctions), land-system change, altered biogeochemical cycles (phosphorus and nitrogen).
In January 2022, the Environmental Science & Technology Journal published the report that the novel entities(chemicals) boundary has been passed and in April 2022, the Nature Reviews Earth & Environment journal reports on evidence of widespread changes in soil moisture relative to mid-Holocene and pre-industrial conditions and green water driven destabilization of ecological, atmospheric, and biogeochemical processes, meaning that planetary freshwater boundaries have been surpassed.