The petroleum industry and climate change

in Project HOPElast month

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The planet and its inhabitants are currently undergoing a series of profound changes, among which are the changes that the oil industry is undergoing. It is logical to think that the oil industry is in a process of change and in my opinion it will be undergoing constant changes for a long time.

Perhaps the private oil companies will have to accept in the short term an affectation to their economic interests, this constant pressure that the oil industry is going through is due to the fact that there is a growing concern by a large part of the world population, in which problems such as climate change make the oil industry have to commit itself to the reduction of carbon emissions.

This whole energy scenario does not stop with the pressures exerted on the oil industry to reduce carbon emissions, but the criticisms and pressures from different organizations and associations worldwide are also reinforced by some investors in many of these oil industries to evaluate the possibility of reducing carbon emissions with the application of new technologies.

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From my perspective, there is a disorientation in this problem, in which shareholders and other entities are pressuring oil companies to minimize carbon emissions, but at the same time there is no energy development of clean and renewable energy sources to meet the world's energy demand.

In addition to not meeting the global energy demand, it seems that we criticize this situation with a double face or rather with a double standard, since most of the things we consume such as cars, computers, smart phones, soft drinks, building materials, among other resources, still depend on plastic for their marketing, which is why I wonder:

Would it be convenient to fix this problem of dependence on petroleum derivatives before exerting those pressures for the oil industry?

From my point of view I think it is convenient, I assure you that once the world energy demand is covered with clean and renewable energy and the need for plastic dependence is covered in its entirety, then there will be no need to exploit the oil fields to obtain oil and its refined products and thus reduce carbon emissions to zero, otherwise we would enter into a chaos of energy shortages.

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To close with this analysis, I can certainly add that there are some oil companies that have joined the campaign to reduce carbon emissions, all this can be achieved because they have innovated new technologies to reduce emissions, however, greenhouse gas emissions are latent and in continuous advance until complete independence from fossil fuel energy is achieved.

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Hi @carlos84, thank you for presenting this topic, climate change and the oil industry have been in the focus of attention for the impact they cause on the environment by their extractive activities.
I share with you the importance of these two proposals:
“the oil industry have to commit itself to the reduction of carbon emissions”.
“complete independence from fossil fuel energy is achieved”
Saludos