As the world transitions to a low-carbon economy, we must not only meet the needs of those who currently have adequate access to energy, but also the nearly 1 billion people who do not. The transition will take time, and under all projections, oil and natural gas remain as much as half of the energy mix for decades to come.
Oil and natural gas are the most reliable, affordable and commercially viable forms of fuel available. Expanding the use of renewables will require solutions to supply vulnerabilities such as intermittency, storage, commercial models, access to raw materials, geographic scale, cost, and their own carbon footprints.
Our industry is positioned to be a leader for the transition. We enable additional energy sources while continuing to ensure the availability of hydrocarbons that are increasingly challenging to develop. Being viewed as a leader will require focusing our capabilities on innovation, building trust with the public and investors, increasing our carbon efficiency, and collaborating with many different stakeholders. Coordinated efforts by many industries and government will be necessary to create a collective view of whether enough is being accomplished fast enough to address climate concerns.
The ATCE 2020 opening plenary will bring together experts from industry, policy, and environment. It will look at current developments and future needs in R&D, technology development, and required investment.
E. Treanor Media, CEO
Ahmad Al Khowaiter
Chief Technology Officer, Saudi Aramco
Allyson Anderson Book
Vice President, Energy Transition, Baker Hughes
Senior Vice President of Energy, Environmental Defense Fund
Vice President, Asset Performance and Process Safety, Chevron