• CERAWeek
  • March 18 - 22, 2024

Bjørn Otto Sverdrup

Oil and Gas Climate Initiative (OGCI)

Chair of the Executive Committee

Bjørn Otto Sverdrup is Chair of the OGCI Executive Committee. He is responsible for building consensus among the team of senior executives representing OGCI’s member companies and advancing and implementing the strategy set by the OGCI CEOs. Prior to his appointment in 2021, he was Equinor’s Senior Vice President for Corporate Sustainability and a member of the Global Strategy and Business Development Management Committee. Over the past five years, he was responsible for developing the company’s climate roadmaps, participated in OGCI’s work with stakeholders and engaged extensively in international climate policy development.

Sessions With Bjørn Otto Sverdrup

Tuesday, 12 March

  • 07:30am - 08:40am (CST) / -

    Carbon Price: How critical for decarbonization?

    Panel Climate/Environment/Sustainability Geopolitics/Energy Policy/Economics

    Global carbon prices are woefully below what would be necessary to substantively impact investment and demand. Events of the past year have highlighted the potential disconnect between policy goals and the voter willingness to pay for the actions that would be required. Yet 2018 also highlighted the reality of severe weather events and include the release of scientific reports predicting the future consequences of rising CO2 emissions. How do we get from here to there? Is carbon price the right mechanism? How should it be implemented? Can there be a global agreement or will we have vastly different national outcomes? This session will discuss the economics and politics of carbon pricing from a government and company view.

  • 11:35am - 12:35pm (CST) / -

    Sustainability in the Oil & Gas Industry

    Panel Gas Oil Climate/Environment/Sustainability

    Climate change and transition risk are causing companies to test business models and adjust strategies to create long-term competitive advantage. Different companies are taking different approaches as they balance corporate portfolios: How much investment should go into clean energy? What are investors demanding? Is there a diversification strategy? How will they balance growth, financial returns, and company cultures? This session will discuss what lower carbon energy investments are being made, vertical diversification strategies, and short-term versus long-term value creation.