Column: Energy industry charging ahead with emissions reduction technologies — A preferred route to tearing up the world in search of minerals
11 hours ago
From BOE REPORT
January 13, 2022 6:45 AM Terry Etam
The start of a new year is often a time of reflection, quiet, and goal setting. Minus 30 temperatures and pants that no longer fit do make a person contemplative, and we look back to learn from the year past, calibrate where we are at, and put ourselves vigorously on a new path, to the extent that there is not a new year’s bonanza on Netflix.
The hydrocarbon sector is more aptly described as shell-shocked rather than reflective. Despite rebounding commodity prices, the ground-shift beneath over the past two years has been monumental. The sector is supposed to be dying like a stabbed Shakespearean character. It is supposed to be the seventh mass extinction. That was the plan – divest fossil fuels, starve the industry of capital, retrain the workforce, “strand some assets.”
Mark Carney, former investment banker and head of the Bank of England, announced in November that he had aligned financial institutions with $130 trillion of capital towards net-zero pledges, aligning that monetary firepower with the International Energy Agency’s roadmap to net-zero by 2050. That roadmap stated quite clearly that there could be no new hydrocarbon investments, period.
https://wattsupwiththat.com/2022/01/14/column-energy-industry-charging-ahead-with-emissions-reduction-technologies-a-preferred-route-to-tearing-up-the-world-in-search-of-minerals/
