29 june 2021, 10:07

Former BP CEO Bob Dudley: Methane and CCS necessary for climate goals

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 agreement.

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

Methane can be consumed as it is or steam reformed to produce blue hydrogen, with CO² emissions from the process captured and stored.
Dudley said:

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.

Author: Daniel Graeber

#bp #bob dudley #methane #ccs #climate #daniel yergin #ogci

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