Richard Jackson

Oxy

President Operations, U.S. Onshore Resources and Carbon Management

Richard Jackson is U.S. Onshore Resources and Carbon Management – President, Operations. Richard leads the development and operations of Oxy’s U.S. onshore oil and gas businesses while continuing to advance the company’s Low Carbon Ventures technology development and business models. Most recently, Richard was President and General Manager, EOR and Oxy Low Carbon Ventures, LLC. In this role, he oversaw Oxy’s use of carbon dioxide (CO2) in enhanced oil recovery (EOR), primarily in the Permian Basin, where the company has more than 40 years of experience and is a worldwide leader in CO2 management. He also led Oxy Low Carbon Ventures, LLC, the Company’s wholly owned subsidiary advancing leading-edge, low-carbon technologies with a focus on Carbon Capture, Use and Sequestration and low carbon products. With more than 20 years in the oil and gas industry, Richard has significant expertise in worldwide oil and gas project development, technology and business management. Richard serves on the Oil and Gas Climate Initiative’s Climate Investment Board and on the American Petroleum Institute’s Upstream Committee. He is also chairman 1PointFive, a development company formed to finance and deploy Carbon Engineering’s Direct Air Capture technology. A graduate of Texas A&M University, he holds a Bachelor of Science in Petroleum Engineering.

Sessions With Richard Jackson

Tuesday, 8 March

  • 04:20pm - 05:00pm (CST) / 08/mar/2022 10:20 pm - 08/mar/2022 11:00 pm

    How to Manage Carbon: New business models

    Panel Hydrogen/Clean Tech & Power

    There has been growing support for removing carbon from the atmosphere as a mission critical component of the emissions reduction toolkit. Widescale application of these technologies could decrease GHG concentrations by disconnecting future energy use from GHG emissions, removing prior accumulations of GHGs, and combining with the use of bioenergy to deliver “negative emissions.” These options face challenges as their scale and potential have yet to be realized. Over the last year, the pace of investments in CCUS and Direct Air Capture has accelerated rapidly. What has changed in the last 12 to 18 months for the renewed optimism and interest in CCS and Direct Air Capture? Is there a real market for carbon removal? How big could it be? What emerging business models are commercially attractive? Are there lessons from rapid scaleups, such as the development of COVID-19 vaccines, that could be models for scaling up carbon removal? How scalable are carbon-use technologies such as conversion to cement? What policy mechanisms could accelerate deployment of CCUS?