The goals outlined in the Paris climate agreement are out of reach without those 2 components, ex-BP chief Bob Dudley believes
London, June 29 - Neftegaz.RU.
The goals outlined in the Paris climate accord cannot be reached without using methane as an alternative to coal, former BP CEO Bob Dudley
said June 24.
Dudley is now the chairman of the Oil & Gas Climate Initiative (OGCI), an industry-led group aligned with the benchmarks set in the Paris climate
Speaking on the energy transition with Daniel Yergin, the vice chairman of IHS Markit, Dudley said:
Methane alongside carbon capture
and storage (CCS) are necessary for a cleaner future
You can’t get to those goals without both of those
can be consumed as it is or steam reformed to produce blue hydrogen, with CO2
emissions from the process captured and stored.
- You almost can’t get to the aims of the Paris Accords without the use of methane to displace coal out of the power system
Dudley’s posture at the OGCI is a stark reversal from his tenure at BP
At the helm in 2018, Dudley avoided making any funding pledges to invest
directly in CCS, where CO2
is stored typically underground as an abatement scheme.
OGCI in 2016 set up a $1 billion fund, backed nonetheless by BP and 10 other majors, for climate action
projects, including CCS.