Hard-to-abate sectors have many decarbonization approaches available to consider. These include changing manufacturing processes and operations to reduce costs and emissions; waste heat integration; utilizing lower-carbon materials and feedstocks; electrification; energy efficiency; using renewable power; as well as participating in low-carbon hubs with CCUS and hydrogen. How are different industries selecting viable solutions? Which solutions can save costs or boost revenue as well as cut emissions? What emerging solutions could transform some of these harder-to-abate sectors?
Given the transition away from oil and gas to cleaner fuels, upstream oil and gas players face a conundrum—which assets and what regions should they invest in to stay in business. Long-term investments such as oil and gas require clear market signals, with significant business risks to staying solely in oil and gas. So where are the next “advantaged” basins or regions for oil and gas investment? Where does wildcat exploration make sense, given the typical long-term payback? To what extent can a decarbonized portfolio be achieved by an upstream company?
Canada is the fourth largest producer of oil and gas globally, yet nearly all its production has remained landlocked. Over the course of this year, Canada will see the completion of new major export infrastructure, some of which are over a decade in the making, come online and permit more meaningful volumes of Canadian oil and gas to reach global markets. At the same time governments and industry have committed to ambitious decarbonization targets. Can Canadian sector meet its emissions targets while growing export volume? What new infrastructure will be required, and can it be built in a timely manner? What is the role of government, and what are the key challenges facing the industry?