2022 Decarbonisation: Our Position

Oil and gas have powered more than a century of unprecedented economic development. While hydrocarbons remain a crucial part of today’s energy mix, the science is clear – the burning of these fuels is driving a dramatic change in our climate. We need to rapidly decarbonise our current energy system and transition to a sustainable energy model.

We support the core objectives of the Paris Agreement on Climate Change and the global goal to achieve climate neutrality by 2050. Meeting this ambition within the infrastructure of offshore energy will require individual players to dramatically reduce their emissions from current activities an industry-wide action to develop a new climate-neutral model.

Oil and gas will continue to be important components of the world energy mix even as we shift towards sustainable sources, providing stability and security as the infrastructure and market for a future energy system matures. It is crucial that we deliver these resources with the smallest climate impact.

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