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Thanks for the reply! Honest question, but doesn't enabling the Oil & Gas industries to reach peak effectiveness have the opposite effect? What I mean by this

by klohto 6y ago

Thanks for the reply! Honest question, but doesn't enabling the Oil & Gas industries to reach peak effectiveness have the opposite effect? What I mean by this, O&G right now is highly ineffective and to fit into regulatory limit they need to downscale operations just to have a "reserve". By allowing them, for example, to monitor the Flare and other things, don't you actually allow them to increase the production because now they have the data and means how to squeeze effectively into the limits?

ramary 6y ago
Of course, thanks for your thoughtful question! The short answer is that nobody knows for sure ... yet. Regulatory bodies, NGOs, and ESG-focused activist and impact investors are actively developing frameworks and methodologies for total life cycle GHG accounting. [1] and [2] are a couple of examples in the US from around the time the Paris Climate Agreement was signed. This area is evolving quickly as momentum has built over the last few years for a global approach to getting to net-zero emissions. We keep a close eye on this and continuously evaluate the latest developments in the context of product development ideation. [1] from 2016: https://www.epa.gov/sites/production/files/2016-03/documents/life-cycle-ghg-accounting-versus-ghg-emission-inventories10-28-10.pdf https://www.epa.gov/sites/production/files/2016-03/documents... [2] from 2015: https://www.eia.gov/conference/2015/pdf/presentations/skone.pdf https://www.eia.gov/conference/2015/pdf/presentations/skone....