SUSTAINABILITY IN THE OIL AND GAS INDUSTRY UIC, Symposium on Energy, Environment and Sustainability (SEES) Harriet Seymore April 20, 2020
OVERVIE IEW Harriet Seymore, MBA, MPH Oil and Gas Value Chain Managing Partner, Ayam Solutions hseymore@hlsvisions.com Sustainability Defined www.hlsvisions.com http://www.linkedin.com/in/harriet seymore Sustainability Goals Examples in the Industry Additional Resources
Oil & & G Gas V Value C Chain ■ 'Upstream’ ’ - extracting oil and natural gas from the ground ■ ‘M ‘Midstream ’ - safely moving O&G thousands of miles ■ ‘D ‘Downstream ’ - converting these resources into the fuels and finished products *Image from oilfieldjobshop.com
■ "Maximize cleaner oil and gas production and SUSTAIN INABIL ILIT ITY products, while minimizing impact on external environment and society." *GULF ENERGY SURVEY – Published in the Petroleum Economist NOVEMBER 2019
Why?? COMPETITIVE SOCIAL PRESSURES PRESSURE FROM ADVANTAGE INVESTORS
GOAL 13
AN EXAMPLE: BP CLIMATE CHANGE GOALS Re Reducing emissions i Improving our P Im Creati Cr ting low c in o our carbon Products op operation ons businesses bu ■ Provide lower emissions ■ Zero net growth in ■ Expand low carbon and gas operational emissions renewable businesses ■ Develop more efficient out to 2025 ■ $500 million invested in and lower carbon fuels, ■ 3.5Mte of sustainable low carbon activities lubricants and GHG reductions by 2025 each year petrochemicals ■ 0.2% industry leading ■ Collaborate and invest in ■ Grow lower carbon targeted methane the OGCI’s $1bn+ fund offers for customers intensity for research and technology. *Taken from BP 2019 Sustainability Report
A guide to sustainability across the life of a project (Royal Dutch Shell PLC Sustainability Report 2019) Decommission Identify and assess Select Define Execute Operate and restore Identify P Id People who may be interested in or affected by the project Engage w with s stakeholders (e.g. communities, host governments and NGOs) and feed responses into our risk analyses and decision-making process studies of Conduct b baseline s the local environment (e.g. water, biodiversity and social livelihoods) and consider how the project may affect it Based on assessments of potential impacts and stakeholder engagement, identify m mitigation a and enhancement m measures Im Implement a a m mitigation p plan for project development, construction, operation, decommissioning and restoration *Information taken from Royal Dutch Shell PLC Sustainability Report 2019
■ Flaring ■ Water Usage Industry Sustainability ■ Plastic waste/recycling Focus Areas ■ Social Impact ■ Greenhouse gas emissions/particulates ■ Carbon reduction *GULF ENERGY SURVEY – Published in the Petroleum Economist NOVEMBER 2019
UN Sustainability Goa oals https://www.un.org https:// org/sustainabledevelop opment/ R E Mapping the Oil and Gas industry to o http:// http://www.undp.org org/con ontent/dam/un undp dp/libra rary ry/Sustaina ble%20Develop opment/Extra ractives/For% or%20Com omment_Mappi the Sustainable Develop opment Goa oals: S ng%20the%20Oil%20and%20Gas%20industry ry%20to% o%20t he%20Sustainable%20Develop opment%20Goa oals%20- An Atl An tlas: as: %20a %20an%20A %20Atla las_F s_Feb2017.pd b2017.pdf O U Oi Oil and Gas Cli l and Gas Climat mate Ini e Initi tiati ative ( e (OGCI) OGCI) https://oilandgasclimateinitiative.com R Delivering Energy Responsibly – C https://reports.shell.com/sustainability- Sustainability Report 2019 Royal report/2019/servicepages/downloads/files/shell_sustain ability_report_2019.pdf Dutch Shell PLC E S Energy with Purpose – BP https://www.bp.com/content/dam/bp/business- sites/en/global/corporate/pdfs/sustainability/group- Sustainability Report 2019 reports/bp-sustainability-report-2019.pdf
Recommend
More recommend
